Ask Question
19 September, 10:17

Inventory records for Dunbar Incorporated revealed the following:

Date Transaction Number

of Units Unit

Cost

Apr. 1 Beginning inventory 550 $2.33

Apr. 20 Purchase 310 2.68

Dunbar sold 560 units of inventory during the month. Ending inventory assuming weighted-average cost would be (Do not round your intermediate calculations. Round weighted-average unit cost to four decimals if necessary. Round your answer to the nearest dollar amount):

$737.

$694.

$817.

$752.

+5
Answers (1)
  1. 19 September, 13:20
    0
    Ending inventory assuming weighted-average cost would be $694

    Solution:

    Given,

    Dunbar sold 560 units of inventory

    Apr. 1 Beginning inventory 550 $2.33

    Apr. 20 Purchase 310 2.68

    Now,

    Ending inventory = 560 - 550 = 10

    = 310 - 10 = 300

    Ending inventory = 300 * $2.33 = $694
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Inventory records for Dunbar Incorporated revealed the following: Date Transaction Number of Units Unit Cost Apr. 1 Beginning inventory 550 ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers