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Commodity Z Year-End Inventory Using Weighted Average Cost

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The following lots of Commodity Z were available for sale during the year. Line Item Description Units and Cost Beginning inventory 11 units at $51 First purchase 15 units at $52 Second purchase 22 units at $26 Third purchase 13 units at $57 The firm uses the periodic inventory system, and there are 22 units of the commodity on hand at the end of the year. What is the ending inventory balance of Commodity Z using the weighted average cost method? Do not.

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The following lots of Commodity Z were available for sale during the year. Line Item Description Units and Cost Beginning inventory 11 units at $51 First purchase 15 units at $52 Second purchase 22 units at $26 Third purchase 13 units at $57 The firm uses the periodic inventory system, and there are 22 units of the commodity on hand at the end of the year. What is the ending inventory balance of Commodity Z using the weighted average cost method? Do not

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Commodity Z Year-End Inventory Using Weighted Average Cost

  • 1. The following lots of Commodity Z were available for sale during the year. Line Item Description Units and Cost Beginning inventory 11 units at $51 First purchase 15 units at $52 Second purchase 22 units at $26 Third purchase 13 units at $57 The firm uses the periodic inventory system, and there are 22 units of the commodity on hand at the end of the year. What is the ending inventory balance of Commodity Z using the weighted average cost method? Do not