FE9 Advice the closing inventory value as at July 31st Product Qty On Hand Cost NRV WJ01 225 $0.05 $1.00 WJ02 114 $0.20 $0.90 WJ03 74 $2.00 $1.60 WJ04 35 $6.20 $6.18 WJ05 3 $2,500.00 $2,550.00 WJ06 58 $1.50 $1.55 a) 7,986.05 b) 7,955.75 c) 8,402.20 d) 7,960.65

FE9 Advice the closing inventory value as at July 31st Product Qty On Hand Cost NRV WJ01 225 $0.05 $1.00 WJ02 114 $0.20 $0.90 WJ03 74 $2.00 $1.60 WJ04 35 $6.20 $6.18 WJ05 3 $2,500.00 $2,550.00 WJ06 58 $1.50 $1.55 a) 7,986.05 b) 7,955.75 c) 8,402.20 d) 7,960.65

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Description: FE9Advice the closing inventory value as at July 31stProduct Qty On Hand Cost NRVWJ01 225 $0.05 $1.00WJ02 114 $0.20 $0.90WJ03 74 $2.00 $1.60WJ04 35 $6.20 $6.18WJ05 3 $2,500.00 $2,550.00WJ06 58 $1.50 $1.55a) 7,986.05b) 7,955.75c) 8,402.20d) 7,960.65

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter6: Cost Of Goods Sold And Inventory

Section: Chapter Questions

Problem 17MCQ: ( Appendix 6B) Refer to the information for Morgan Inc. above. If Morgan uses a periodic inventory...

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