During the month of January, Pfizer Company which used a perpetual inventory system recorded the following information pertaining to inventory. Units Unit Cost Total cost Balance in units Balance on Jan 1 10,000 100 1,000,000 10,000 Purchased on Jan 7 6,000 300 1,800,000 16,000 Sold on Jan 20 9,000 7,000 Purchased on Jan 25 4,000 500 2,000,000 11,000 Under the moving average method, what amount should Pfizer Company report as inventory on January 31?

During the month of January, Pfizer Company which used a perpetual inventory system recorded the following information pertaining to inventory. Units Unit Cost Total cost Balance in units Balance on...

During the month of January, Pfizer Company which used a perpetual inventory system recorded the following information pertaining to inventory.

Under the moving average method, what amount should Pfizer Company report as inventory on January 31?

Jun 09, 2022