A company had inventory on November 1 of 5 units at a cost of $17 each....

Question

Question

A company had inventory on November 1 of 5 units at a cost of $17 each. On November 2, they purchased 12 units at $19 each. O

Answer 1

Answer #1

Units in ending inventory

= Units available for sale - units sold

= (5+12+8)-12

= 13 units

Cost of ending inventory = (5*17)+(13-5)*19

= 85 + 152

= 237

Option A

Answer 2

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