- buy shares
- sell my car
January 1........ Beginning Inventory........ 550 units @ $26 each
January 9.........Bought........................… 1,000 units @ $28 each
January 15.......Sold...........................… 1,200 units @ $40 each
January 25.......Bought.........................… units @ $30 each
If the company uses the Weighted Average cost flow assumption, under a perpetual method, the ending inventory value at January 31st is
a) $32,300
b) $31,600
c) $30,987
d) $32,054
e) None of the above
How do I compute this?
Additional Details sorry didn't include units for January 25... bought 750 units @ $30 each
January 9.........Bought........................… 1,000 units @ $28 each
January 15.......Sold...........................… 1,200 units @ $40 each
January 25.......Bought.........................… units @ $30 each
If the company uses the Weighted Average cost flow assumption, under a perpetual method, the ending inventory value at January 31st is
a) $32,300
b) $31,600
c) $30,987
d) $32,054
e) None of the above
How do I compute this?
ACCOUNTING QUESTION...weighted average under perpetual inventory?
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