A Company Had Inventory on November 1 of 5 Units

question 42

Multiple Choice

A company had inventory on November 1 of 5 units at a cost of $20 each. On November 2, they purchased 10 units at $22 each. On November 6 they purchased 6 units at $25 each. On November 5, 8 units were sold for $55 each. Using the weighted average perpetual inventory method, what was the value of the inventory on November 30?

• A)$304.00
• B)$404.00
• C)$299.33
• D)$280.00
• E)$276.00

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Definitions:

African Americans

A racial or ethnic group in the United States with ancestry from the black racial groups of Africa, known for their rich cultural heritage and historical contributions.

Points

A system of quantifying or scoring performance, achievements, or characteristics in various contexts.

IQs of Americans

refers to the statistical measure of the intelligence quotient levels among the American population.

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Referring to or occurring every ten years, often used in context with statistics, trends, or measurements.