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Yuri [45]
3 years ago
5

Using the data below, determine the ending inventory amount assuming the weighted average method with a periodic inventory syste

m.
1. Beginning inventory, 10 units
2. Purchases, 20 units
3. Total cost of units available for sale, $3,000
4. Ending inventory, 12 units

a) $3000 b) $12000 c) $100 d) None of these
Business
1 answer:
bekas [8.4K]3 years ago
6 0

Answer:

d) None of these

Explanation:

Weighted average rate is the inventory value at the average cost, whatever the price is paid. The total value of the inventory is divided by the total units to calculate weighted average rate. Formula to calculate the weighted average rate is

Weighted average rate = Total Cost of units available for sale / Numbers of unit available for sale

Weighted average rate = $3,000 / ( 10 units + 20 units ) = $3,000 / 30 units = $100 per units

Closing Inventory value = $100 x 12 units = $1,200

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4 years ago
Ziva is an organic lettuce farmer, but she also spends part of her day as a professional organizing consultant. As a consultant,
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Answer:

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5 0
3 years ago
What affects the egg coagulation in custards and creams!
Lapatulllka [165]
What affects the egg coagulation in custards and creams!
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8 0
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The same should be considered and relevant  

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