Multiple Choice
A company has a beginning inventory of $40,000 and purchases during the year of $110,000. The beginning inventory consisted of 3,000 units and 7,000 units were purchased during the year. The average cost per unit is:
A) $11.00.
B) $13.33.
C) $15.00.
D) $15.71.
Correct Answer:
Verified
Correct Answer:
Verified
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