Multiple Choice
The Liu Company started the year with 1,000 units in inventory, which cost $3 each. During January, it bought 7,000 units, which cost $4 each. During January, it sold 6,000 units, leaving it with 2,000 units at the end of the month. If it uses the weighted average method of accounting for inventory, the ending inventory value is
A) 6000
B) 7000
C) 7750
D) 8000
Correct Answer:
Verified
Correct Answer:
Verified
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