Vaclav Company Has the Following Data Available If Vaclav Company Uses a Perpetual Moving-Average Inventory System, the c

question 89

Multiple Choice

Vaclav Company has the following data available: $$\begin{array} { l c c c } \text { Transaction } & \text { Units Purchased } & \text { Unit Cost } & \text { Units Sold } \\\text { Beginning Inventory } & 850 & \$ 30 & \\\text { Oct. 1 Purchase } & 325 & 32 & \\\text { Oct. 10 Sale } & & & 425 \\\text { Oct. 14 Purchase } & 450 & 36 & \\\text { Oct. 20 Sale } & & & 600 \\\text { Oct. 22 Purchase } & 400 & 37 & \\\text { Oct. 29 Sale } & & & 525\end{array}$$
If Vaclav Company uses a perpetual moving-average inventory system, the cost of ending inventory on October 31 is ________. (Round average cost per unit to four decimal places and all other numbers to two decimal places.)

• A) $34,357.48
• B) $16,319.81
• C) $50,580.19
• D) $66,900.00

Identify the primary sources of revenue for different types of companies.

Recognize the importance of detailed inventory records in both inventory systems.

Understand the concept and method to calculate net income.

Classify different types of merchandising companies and their characteristics.

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