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    Intermediate Accounting IFRS
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    Exam 8: Inventories: Measurement
  5. Question
    Ending Inventory Using the Average Cost Method Is
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Ending Inventory Using the Average Cost Method Is

Question 104

Question 104

Multiple Choice

Ending inventory using the average cost method is:


A) $ 650.
B) $1,000.
C) $ 707.
D) $ 600.[(40 $100) + (70 $80) + (170 $60) ] = $19,800 280 units = $70.71 per unit 10 units $70.71 = $707 (rounded)

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