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99) A company uses the periodic inventory system and had the following activity during the current monthly period. Date November 1 November 5 November 8 Activities Beginning inventory Purchase Purchase November 16 Sales A) $3,360 B) $4,444 C) $3,780 D) $2,536 E) $5,896 November 19 Purchase Units Acquired at Cost Units Sold at Retail 168 units @ $20 = $3,360 134 units @ $22 = $2,948 84 units @ $23 = $1,932 84 units @ $25 = $2,100 268 units @ $45 Using the weighted-average inventory method, the company's ending inventory would be:

99) A company uses the periodic inventory system and had the following activity during the current monthly period. Date November 1 November 5 November 8 Activities Beginning inventory Purchase Purchase November 16 Sales A) $3,360 B) $4,444 C) $3,780 D) $2,536 E) $5,896 November 19 Purchase Units Acquired at Cost Units Sold at Retail 168 units @ $20 = $3,360 134 units @ $22 = $2,948 84 units @ $23 = $1,932 84 units @ $25 = $2,100 268 units @ $45 Using the weighted-average inventory method, the company's ending inventory would be:

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter3: Review Of A Company's Accounting System
Section: Chapter Questions
Problem 8E: Periodic Inventory System Raynolde Company uses a periodic inventory system. At the end of the year,...
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99) A company uses the periodic inventory system and had the following activity during the current monthly period. Date November 1 November 5 November 8 November 16 Activities Beginning inventory Purchase A) $3,360 B) $4,444 C) $3,780 D) $2,536 E) $5,896 Purchase Sales November 19 Purchase Units Acquired at Cost Units Sold at Retail 168 units @ $20 = $3,360 134 units @ $22 = $2,948 84 units @ $23 = $1,932 84 units @ $25 = $2,100 268 units @ $45 Using the weighted-average inventory method, the company's ending inventory would be:
Transcribed Image Text:99) A company uses the periodic inventory system and had the following activity during the current monthly period. Date November 1 November 5 November 8 November 16 Activities Beginning inventory Purchase A) $3,360 B) $4,444 C) $3,780 D) $2,536 E) $5,896 Purchase Sales November 19 Purchase Units Acquired at Cost Units Sold at Retail 168 units @ $20 = $3,360 134 units @ $22 = $2,948 84 units @ $23 = $1,932 84 units @ $25 = $2,100 268 units @ $45 Using the weighted-average inventory method, the company's ending inventory would be:
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