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Business, 15.11.2019 01:31 only1kariyah
Fulbright corp. uses the periodic inventory system. during its first year of operations, fulbright made the following purchases (listed in chronological order of acquisition):
· 40 units at $100
· 70 units at $80
· 170 units at $60
sales for the year totaled 270 units, leaving 10 units on hand at the end of the year. ending inventory using the average cost method (rounded) is:
select one:
a. $650
b. $707
c. $1,000
d. $600
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Answers: 3
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Fulbright corp. uses the periodic inventory system. during its first year of operations, fulbright m...
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