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Problem
A company reports the following beginning inventory and purchases for the month of January. On January 26, the company sells 310 units. 130 units remain in ending inventory at January 31.
Units
Unit Cost
Beginning inventory on January 1
280
$ 2.60
Purchase on January 9
60
2.80
Purchase on January 25
100
2.94
Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method.
zehms company began operations in 2010 and adopted weighted-average pricing for inventory. in 2012 in accordance with
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