The inventory records for Cookie Co. reflected the following: Beginning Inventory @ 200 units @ July 1 $1.00 First Purchase @ July 8 300 units @ $1.10 Second Purchase @ 400 units @ July 15 $1.20 Third Purchase @ July 100 units @ 26 $1.30 Sales @ July 31 800 units @ $1.50 Determine the amount of cost of goods sold assuming the weighted average cost flow method $1,040 $912 $940 S $1,026
The inventory records for Cookie Co. reflected the following: Beginning Inventory @ 200 units @ July 1 $1.00 First Purchase @ July 8 300 units @ $1.10 Second Purchase @ 400 units @ July 15 $1.20 Third Purchase @ July 100 units @ 26 $1.30 Sales @ July 31 800 units @ $1.50 Determine the amount of cost of goods sold assuming the weighted average cost flow method $1,040 $912 $940 S $1,026
Chapter10: Inventory
Section: Chapter Questions
Problem 5EB: Bleistine Company had the following transactions for the month. Calculate the ending inventory...
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