a company starts out with 800 units if a particular item in inventory.Assume that their cost is $10 ach. Over the next three mon
ths it buys 100 more units at $11 each,and then 50 more units at $12 each. It sold 200 units during that three months, and it uses the Last In First Out method, you would assume that all of the remaining units should e valued at ----each. a. $10 b. $11. c. $12. d. none of the above answers is correct because you must average the various purchase prices to find the amount to apply to the ending inventory
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The required mixed number is . The calculations are attached with the solution as an image.
What is a mixed number ?
- A bit represented with its quotient and remainder is a mixed bit. For illustration,21/3 is a mixed bit, where 2 is the quotient, 1 is the remainder.
- So, a mixed bit is a combination of a whole number and a proper bit. A mixed bit, also called a mixed number, is a whole number and a bit together.
- The bit is written to the right of the whole number.
- A mixed number is formed by combining three corridor a whole number, a numerator, and a denominator. The numerator and denominator are part of the proper bit that makes the mixed number.
The required mixed number is . The calculations are attached with the solution as an image.
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