Problem 11-17 (IAA) Jailbird Company provided the following data about the inventory for the month of January: Units Unit cost Total cost Jan. 1 Beginning 5 Purchase 10 Sale 15 Purchase 16 Purchase...


Problem 11-17 (IAA)<br>Jailbird Company provided the following data about the<br>inventory for the month of January:<br>Units<br>Unit cost<br>Total cost<br>Jan. 1 Beginning<br>5 Purchase<br>10 Sale<br>15 Purchase<br>16 Purchase return<br>25 Sale<br>26 Sale return<br>31 Purchase<br>16,000<br>4,000<br>15,000<br>20,000<br>(1,000<br>8,000<br>4,000<br>30,000<br>140<br>150<br>2,240,000<br>600,000<br>3,200,000<br>160,000<br>160<br>160<br>150<br>4,500,000<br>What is the moving average cost of the inventory on<br>January 31?<br>a. 7,625,000 -<br>b. 7,500,000<br>c. 7,690,000<br>d. 7,530,000<br>

Extracted text: Problem 11-17 (IAA) Jailbird Company provided the following data about the inventory for the month of January: Units Unit cost Total cost Jan. 1 Beginning 5 Purchase 10 Sale 15 Purchase 16 Purchase return 25 Sale 26 Sale return 31 Purchase 16,000 4,000 15,000 20,000 (1,000 8,000 4,000 30,000 140 150 2,240,000 600,000 3,200,000 160,000 160 160 150 4,500,000 What is the moving average cost of the inventory on January 31? a. 7,625,000 - b. 7,500,000 c. 7,690,000 d. 7,530,000

Jun 11, 2022
SOLUTION.PDF
SOLUTION.PDF

Get Answer To This Question

Submit New Assignment

Copy and Paste Your Assignment Here
Have files?