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Weighted average inventory valuation

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Reference no: EM13258782

The inventory transactions are as follows:

                                            Units             Unit cost        ExtendedValue

         Beginninginventory        300                  $20                  $6,000

         Purchases2-10-2002        400                $22                   8,800

         Purchases2-20-2002        200                $23                   4,600

         Available                        900                                        $19,400

         Sales       2-15-2002        500                                   

         EndingInventory               400

1) Using the information outlined above, what is the value of the ending inventory for a perpetual inventory system using the FIFO inventory valuation?

A. $8,000.00

B. $8,200.00

C. $8,600.00

D. $8,828.55

E. $9,000.00

2) Using the information outlined above, what is the valueof the ending inventory for a perpetual inventory system using theLIFO inventory valuation?

A. $8,000.00

B. $8,200.00

C. $8,600.00

D. $8,828.55

E.  $9,000.00

3) Using the information outlined above, what is the valueof the ending inventory for a perpetual inventorysystem using the weighted average inventory valuation?

Reference no: EM13258782

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