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Assuming the company uses Weighted Average Cost method, what is the weighted average cost for the inventory at the end of the month? Round to the nearest cent.

Assuming the company uses Weighted Average Cost method, what is the weighted average cost for the inventory at the end of the month? Round to the nearest cent.

Financial Accounting
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter7: Inventories
Section: Chapter Questions
Problem 4PEA: Beginning inventory, purchases, and sales for 30xT are as follows: Assuming a perpetual inventory...
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Raptor Candles has the following inventory schedule for its luxury line of candles. Date quantity unit cost Sales Price $40 $50 3/1/2023 3/3/2023 3/15/2023 3/20/2023 3/10/2023 Assuming the company uses Weighted Average Cost method, what is the weighted average cost for the inventory at the end of the month? Round to the nearest cent. Weighted Average cost at the end of the month $(WAC). : Beginning inventory Purchase Purchase Purchase Sale 60 70 25 200 150 $55 $65 $120
Transcribed Image Text:Raptor Candles has the following inventory schedule for its luxury line of candles. Date quantity unit cost Sales Price $40 $50 3/1/2023 3/3/2023 3/15/2023 3/20/2023 3/10/2023 Assuming the company uses Weighted Average Cost method, what is the weighted average cost for the inventory at the end of the month? Round to the nearest cent. Weighted Average cost at the end of the month $(WAC). : Beginning inventory Purchase Purchase Purchase Sale 60 70 25 200 150 $55 $65 $120
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