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The following information is available for Pintus Company: Item Units Unit cost Total Beginning inventory 400 $4 $1,600
Posted: Mon May 02, 2022 6:45 am
by answerhappygod
- The Following Information Is Available For Pintus Company Item Units Unit Cost Total Beginning Inventory 400 4 1 600 1 (66.79 KiB) Viewed 34 times
The following information is available for Pintus Company: Item Units Unit cost Total Beginning inventory 400 $4 $1,600 720 5 3,600 First purchase Second purchase LON 880 7 6,160 2,000 $11,360 Assume that Pintus uses a periodic inventory system and that there are 820 units left at the end of the month. Required: Assuming that the Company is using the Average-cost method: 1- Compute the average cost per unit. 2- Compute the cost of ending inventory.