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Duo Ltd Uses a Periodic Inventory System and Rounds the Average

Question 3

Multiple Choice

Duo Ltd uses a periodic inventory system and rounds the average unit cost to the nearest dollar. The following data relates to Duo Ltd for the year ended 30 June 2013:
Duo Ltd uses a periodic inventory system and rounds the average unit cost to the nearest dollar. The following data relates to Duo Ltd for the year ended 30 June 2013: The cost of ending inventory using the weighted average cost method (rounded to the nearest dollar) is: A) $459 B) $465 C) $499 D) $483
The cost of ending inventory using the weighted average cost method (rounded to the nearest dollar) is:


A) $459
B) $465
C) $499
D) $483

Correct Answer:

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