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Multiple Choice $2,552 $6,072 $3,960 O $3,520 $4,708 A company uses the periodic inventory system and had the following activity during the current monthly period. Date Activities November 1 Beginning inventory November 5 Purchase November 8 Purchase November 16 Sales November 19 Purchase Units Acquired at Cost 176 units @ $20 - $3,520 138 units @ $22 = $3,036 88 units @ $23 $2,024 Units Sold at Retail 276 units @ $45 88 units @ $25 $2,200 Using the weighted-average inventory method, the company's ending inventory would be: Multiple Choice O $2,552 $6,072 $3.960 O $3,520

Multiple Choice $2,552 $6,072 $3,960 O $3,520 $4,708 A company uses the periodic inventory system and had the following activity during the current monthly period. Date Activities November 1 Beginning inventory November 5 Purchase November 8 Purchase November 16 Sales November 19 Purchase Units Acquired at Cost 176 units @ $20 - $3,520 138 units @ $22 = $3,036 88 units @ $23 $2,024 Units Sold at Retail 276 units @ $45 88 units @ $25 $2,200 Using the weighted-average inventory method, the company's ending inventory would be: Multiple Choice O $2,552 $6,072 $3.960 O $3,520

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Multiple Choice $2,552 $6,072 $3,960 O $3,520 $4,708
Transcribed Image Text:Multiple Choice $2,552 $6,072 $3,960 O $3,520 $4,708
A company uses the periodic inventory system and had the following activity during the current monthly period. Date Activities November 1 Beginning inventory November 5 Purchase November 8 Purchase November 16 Sales November 19 Purchase Units Acquired at Cost 176 units @ $20 - $3,520 138 units @ $22 = $3,036 88 units @ $23 $2,024 Units Sold at Retail 276 units @ $45 88 units @ $25 $2,200 Using the weighted-average inventory method, the company's ending inventory would be: Multiple Choice O $2,552 $6,072 $3.960 O $3,520
Transcribed Image Text:A company uses the periodic inventory system and had the following activity during the current monthly period. Date Activities November 1 Beginning inventory November 5 Purchase November 8 Purchase November 16 Sales November 19 Purchase Units Acquired at Cost 176 units @ $20 - $3,520 138 units @ $22 = $3,036 88 units @ $23 $2,024 Units Sold at Retail 276 units @ $45 88 units @ $25 $2,200 Using the weighted-average inventory method, the company's ending inventory would be: Multiple Choice O $2,552 $6,072 $3.960 O $3,520
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