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Weighted Average inventory cost flow assumption
Jason Company reported the following transactions involving inventory during the month of September:
Date Description Units Cost per Unit Aug 30 Beginning Bal 100 $8.00 Sep 04 Purchased 200 $8.25 Sep 13 Sold 150 $11.20 Sep 21 Purchased 300 $8.50 Sep 26 Sold 375 $11.20 Sep 30 Purchased 400 $8.75 Note: Jason Company uses a periodic inventory system. Using the inventory transactions for Jason Company listed above, the ending inventory on September 30 using the Weighted Average inventory cost flow assumption would be: |
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