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Inventory Records for Herb's Chemicals Revealed the Following: March 1

Question 44

Multiple Choice

Inventory records for Herb's Chemicals revealed the following: March 1, 2018, inventory: 1,000 gallons @ $7.20 = $7,200 Inventory records for Herb's Chemicals revealed the following: March 1, 2018, inventory: 1,000 gallons @ $7.20 = $7,200 - The ending inventory under a periodic inventory system assuming average cost (rounding unit cost to three decimal places) is: A) $5,087. B) $5,107. C) $5,077. D) $5,005.
- The ending inventory under a periodic inventory system assuming average cost (rounding unit cost to three decimal places) is:


A) $5,087.
B) $5,107.
C) $5,077.
D) $5,005.

Correct Answer:

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