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A Company Just Starting Business Made the Following Three Inventory

Question 118

Multiple Choice

A company just starting business made the following three inventory purchases in February: A company just starting business made the following three inventory purchases in February: On Feb 15, there were 300 units sold. The company uses a perpetual inventory system. -Using the average cost formula, the amount allocated to the ending inventory on February 28 is A) $4,950. B) $3,075. C) $2,958. D) $1,992. On Feb 15, there were 300 units sold. The company uses a perpetual inventory system.
-Using the average cost formula, the amount allocated to the ending inventory on February 28 is


A) $4,950.
B) $3,075.
C) $2,958.
D) $1,992.

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