Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. inventory records for capetown, incorporated revea

Inventory records for Capetown, Incorporated revealed the following: Date Transaction Number of Units Unit...

60.1K

Verified Solution

Question

Accounting

Inventory records for Capetown, Incorporated revealed the following:
Date Transaction Number of Units Unit Cost
April 1 Beginning Inventory 560 $ 2.30
April 20 Purchase 4302.61
Capetown sold 560 units of inventory during the month. What is the amount of ending inventory assuming weighted-average cost? (Round weighted-average unit cost to 4 decimals and round your final answer to the nearest whole dollar.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

Compare and contrast the definitions of exercise, physical activity, physical education, physical fitness, and sport. How...

Biology
1.2K views

How is growth measured, both directly and indirectly? What are the advantages and disadvantages of each?

Psychology
1.2K views

In addition, cite the text, e.g. (p. 3), in at least one of your posts, proofread...

Advance Math
1.2K views

Suppose the system AX = B is consistent and A is a 6x3 matrix. Suppose the...

Accounting
1.2K views

On January 1, 2017, Corgan Company acquired 70 percent of the outstanding voting stock of Smashing,...

Biology
1.2K views

3 2 For a new liver cell to form DNA replication is necessary because it...

Algebra
1.2K views

Fill in the table using this function rule f x x 2 Simplify your answers...

Accounting
1.2K views

mod 10 q4 Milling, Inc. is considering a new milling machine....

Accounting
1.2K views

Caiculate the account balance for each of the following (If a box is not used...

Accounting
1.2K views

Question6 2 pointsSave Answer A bond has a carrying value of $295,000 with a par...

Finance
1.2K views

Question 10 1 pts Based on the information in the table below, what is the...

Finance
1.2K views

can someone please explain this question, if there's a graph please draw it ...