Consider the following Inventory records for Techwear Corporation: Date Jul. 1 Beginning inventory Jul.22 Purchase Transaction The company sold 630 units of Inventory during the month. Calculate the ending Inventory assuming the company uses weighted-average cost. (Round weighted-average unit cost to 4 decimal places and final answer to the nearest dollar amount.) Multiple Choice $544 O $657 $587 Number Unit of Units Cost 480 $2.42 380 2.72 $591

Consider the following Inventory records for Techwear Corporation: Date Jul. 1 Beginning inventory Jul.22 Purchase Transaction The company sold 630 units of Inventory during the month. Calculate the ending Inventory assuming the company uses weighted-average cost. (Round weighted-average unit cost to 4 decimal places and final answer to the nearest dollar amount.) Multiple Choice $544 O $657 $587 Number Unit of Units Cost 480 $2.42 380 2.72 $591

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter7: Inventories

Section: Chapter Questions

Problem 4PEA: Beginning inventory, purchases, and sales for 30xT are as follows: Assuming a perpetual inventory...

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