Your company manufactures plastic pails and uses raw liquid plastic in bulk form (which it...
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Your company manufactures plastic pails and uses raw liquid plastic in bulk form which it stores in a single large tank to make the pails. On December the tank held gallons of liquid plastic valued at $ On January it bought gallons of raw liquid plastic for $ and on September it bought a further gallons for $ Note: all of these deliveries were stored in the aforementioned tank, and the company uses average costs to value inventory. On December st there remained gallons of raw liquid plastic left over in the tank. Given the above information what is the cost of raw liquid plastic that should be charged to the Jan to Dec Income Statement? $ $ $ $ 
Your company manufactures plastic pails and uses raw liquid plastic in bulk form which it stores in a single large tank to make the pails. On December the tank held gallons of liquid plastic valued at $ On January it bought gallons of raw liquid plastic for $ and on September it bought a further gallons for $ Note: all of these deliveries were stored in the aforementioned tank, and the company uses average costs to value inventory. On December st there remained gallons of raw liquid plastic left over in the tank. Given the above information what is the cost of raw liquid plastic that should be charged to the Jan to Dec Income Statement?
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