Practice, Question 19 x Your answer is incorrect. Try again. Green Corporation uses the periodic...

60.1K

Verified Solution

Question

Accounting

image

Practice, Question 19 x Your answer is incorrect. Try again. Green Corporation uses the periodic inventory system to record its inventory. The following information was available for the month of April: 525 Date Explanation Units Unit Cost Units Unit Cost Total Cost Apr. 1 Beginning inventory 6 $30 S 180 Apr. 8 Purchase 1032 320 Apr. 15 Purchase 1535 Apr. 22 Purchase 576 Total 47 $1.601 A total of 25 units were sold during the period. Assuming the use of the average cost formula, what is the cost of the ending inventory? Round the weighted average cost per unit to the nearest cent and round your final answer to the nearest dollar. 16 36 $710 $786 $852 OO $749

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