Multiple Choice
The firm had a beginning inventory of 50 units with a unit cost of $10. Purchases during the year were as follows: March-50 units with a unit cost of $12; July-60 units with a unit cost of $15. If the average cost method is used, the value of the ending inventory of 45 units is
A) $675.
B) $563.
C) $450.
D) $555. 45 x (2000/160) .
Correct Answer:
Verified
Correct Answer:
Verified
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