On February 3, 20x2, Company A purchased 50 boxes of bond papers at $1,350 per...
80.2K
Verified Solution
Link Copied!
Question
Accounting
On February 3, 20x2, Company A purchased 50 boxes of bond papers at $1,350 per box. The supplier delivered the items on Feb 10, 20x2. Immediately after delivery, the company sold 30 boxes to Companies B and C. On February 20, 20x2, Company A purchased an additional 20 boxes, this time for $1,300 only per unit. Only 5 days after, Company A further purchased 15 boxes at $1,320 per unit. At the end of the month, the Company sold 25 boxes to Company D. What is the ending value of inventory at the end of February 20x2 using the weighted average cost method? (Roundoff Unit Cost and Total Cost to the nearest peso for every movement of Inventories).
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: Zin AI - Your personal assistant for all your inquiries!
