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Calculate the ending inventory on an average-cost

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Reference no: EM132425814

Question - Transactions for the month of June were:

Purchase

 

Sales

June 1

(balance) 3150 @ $3.00

 

June 2

2500 @ $5.70

June 3

8830 @ 2.90

 

June 6

6450 @ 5.70

June 7

4850 @ 3.10

 

June 9

4030 @ 5.70

June 15

7100 @ 3.20

 

June 10

1550 @ 6.00

June 22

2010 @ 3.30

 

June 18

5560 @ 6.00

 

 

 

June 25

790 @ 6.00

Assuming that perpetual inventory records are kept in units only, the ending inventory on an average-cost basis rounded to the nearest dollar is:

$14931

$15484

$15809

$15689

Reference no: EM132425814

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