of beginning inventory at a cost of $3.00. During the year, the company made the following purchases: May, 1200 units at $4.00 and July, 800 units at $6.00. If Hudson Company sold 1400 units during the year, what amount would the company report as ending inventory if the company uses the weighted average cost method to value inventory? (round to the nearest dollar). O $4,884 O $4,767 O $6,216 O $6,067 O None of the above.
of beginning inventory at a cost of $3.00. During the year, the company made the following purchases: May, 1200 units at $4.00 and July, 800 units at $6.00. If Hudson Company sold 1400 units during the year, what amount would the company report as ending inventory if the company uses the weighted average cost method to value inventory? (round to the nearest dollar). O $4,884 O $4,767 O $6,216 O $6,067 O None of the above.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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