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Calculate ending inventory using the average cost

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Reference no: EM132506840

The following information applies to the inventory of James Dixon Company and will be used for four questions on the exam:

                                                Units                     Cost/unit

February 1 Inventory on hand  400                     $8

February 4 Purchase              800                     11

February 6 Sale                   1,000

February 16 Purchase            1,300                  16

February 19 Sale                  1,400

February 25 Purchase             700                    20

  • The company only has one product. Round $/unit values to four decimals where necessary

Question 1: Calculate ending inventory using the average cost perpetual method for the month of February.

Reference no: EM132506840

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