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Inventory records for Williams Incorporated revealed following:
Date Transaction # of units unit cost
Feb. 2 Beginning Inventory 550 $2.38
Feb. 10 purchase 320 2.78
Problem 1: Williams sold 590 units of inventory the month. Ending inventory assuming weighted-average cost would be:
On January 1, 2015, the first day of its fiscal year, the city of Carter received notification that a federal grant in the a month of $650,000 was approved. Teh grant was restricted for the payment of wages for teenagers for summer employment. The te..
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