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Holliday Company's Inventory Records Show the Following Data: a Physical

Question 35

Multiple Choice

Holliday Company's inventory records show the following data: Holliday Company's inventory records show the following data: A physical inventory on December 31 shows 2,000 units on hand.Holliday sells the units for ₤6 each.The company has an effective tax rate of 20%.Holliday uses the periodic inventory method.The weighted-average cost per unit is A) ₤3.75. B) ₤4.00. C) ₤4.08. D) ₤4.38. A physical inventory on December 31 shows 2,000 units on hand.Holliday sells the units for ₤6 each.The company has an effective tax rate of 20%.Holliday uses the periodic inventory method.The weighted-average cost per unit is


A) ₤3.75.
B) ₤4.00.
C) ₤4.08.
D) ₤4.38.

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