Morgenstern Ltd. has the following units and costs for the month of April. Beginning inventory, April 1, 1,000 units at $20 (Cost) Purchase 1, April 9, 1,200 units at $23 (cost) Sold, April 12, 2,100 units at $40 (Retail) Purchase 2, April 22, 800 units at $25 (Cost) If Morgenstern uses a perpetual inventory system, what is the cost of ending inventory under weighted average at April 30? (Note: Use four decimal places for per-unit calculations and round to the nearest dollar.) a.$20,280 b.$22,164 c.$$45,436 d.$47,320
Morgenstern Ltd. has the following units and costs for the month of April. Beginning inventory, April 1, 1,000 units at $20 (Cost) Purchase 1, April 9, 1,200 units at $23 (cost) Sold, April 12, 2,100 units at $40 (Retail) Purchase 2, April 22, 800 units at $25 (Cost) If Morgenstern uses a perpetual inventory system, what is the cost of ending inventory under weighted average at April 30? (Note: Use four decimal places for per-unit calculations and round to the nearest dollar.) a.$20,280 b.$22,164 c.$$45,436 d.$47,320
Chapter10: Inventory
Section: Chapter Questions
Problem 2PA: Trini Company had the following transactions for the month. Calculate the ending inventory dollar...
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Morgenstern Ltd. has the following units and costs for the month of April.
- Beginning inventory, April 1, 1,000 units at $20 (Cost)
- Purchase 1, April 9, 1,200 units at $23 (cost)
- Sold, April 12, 2,100 units at $40 (Retail)
- Purchase 2, April 22, 800 units at $25 (Cost)
If Morgenstern uses a perpetual inventory system, what is the cost of ending inventory under weighted average at April 30? (Note: Use four decimal places for per-unit calculations and round to the nearest dollar.)
a.$20,280
b.$22,164
c.$$45,436
d.$47,320
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