Inventory records for Capetown, Incorporated revealed the following: о Date April 1 April 20 Multiple Choice Capetown sold 620 units of inventory during the month. What is the amount of ending inventory assuming weighted-average cost? (Round weighted- average unit cost to 4 decimals and round your final answer to the nearest whole dollar.) $526 $529 $494 Transaction Beginning Inventory Purchase $626 Number of Units 490 340 Unit Cost $ 2.44 2.60

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Inventory records for Capetown, Incorporated revealed the following:
Date
April 1
April 20
O
Multiple Choice
Capetown sold 620 units of inventory during the month. What is the amount of ending inventory assuming weighted-average cost? (Round weighted-
average unit cost to 4 decimals and round your final answer to the nearest whole dollar.)
$526
$529
$494
Transaction
Beginning Inventory
Purchase
$626
Number of
Units
490
340
Unit Cost
$ 2.44
2.60
Transcribed Image Text:Inventory records for Capetown, Incorporated revealed the following: Date April 1 April 20 O Multiple Choice Capetown sold 620 units of inventory during the month. What is the amount of ending inventory assuming weighted-average cost? (Round weighted- average unit cost to 4 decimals and round your final answer to the nearest whole dollar.) $526 $529 $494 Transaction Beginning Inventory Purchase $626 Number of Units 490 340 Unit Cost $ 2.44 2.60
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