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    lefaulkner's Avatar
    lefaulkner Posts: 2, Reputation: 1
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    #1

    Oct 27, 2009, 07:34 PM
    How to find ending inventory using the average inventory cost method
    The Boxwood Company Sells blankets for $60 each.
    Purchase 5 units 30$
    Purchase 10 units 34$
    Purchase 10 units 40$

    Sale 3 units
    Sale 6 units
    Sale 3 units

    Assuming that the company uses the perpetual inventory system, determine the ending inventory for the month of May using the average inventory cost method.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Oct 28, 2009, 01:03 AM

    There's an example of weighted average if you scroll down a bit:
    Principles of Accounting Chapter 8

    We don't just do people's homework for them, so see if you can give this a shot and feel free to submit whatever you come up with for someone to check.
    ladylisalisa's Avatar
    ladylisalisa Posts: 2, Reputation: 1
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    #3

    Jun 14, 2010, 01:15 PM
    494
    ladylisalisa's Avatar
    ladylisalisa Posts: 2, Reputation: 1
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    #4

    Jun 14, 2010, 01:15 PM
    494

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