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If stephens inc uses moving average perpetual inventory

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Reference no: EM13606037

Stephens Inc. is a wholesaler of photography equipment. The activity for the VTC cameras during July is shown below:
Balance/
Date Transaction Units Cost
July 1 Inventory 2,000 $36.00
7 Purchase 3,000 37.00
12 Sales 3,600
21 Purchase 5,000 37.88
22 Sales 3,800
29 Purchase 1,600 38.11
If Stephens Inc uses moving average perpetual inventory system, the ending inventory for VTC cameras at July 31 is reported as
a. $153,400
b.$156,912
c.$158,736
d.$159,464

Reference no: EM13606037

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