Solved

Duo Ltd Uses a Periodic Inventories System and Rounds the Average

Question 13

Multiple Choice

Duo Ltd uses a periodic inventories 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 inventories 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 inventories using the weighted average cost method (rounded to the nearest dollar) is: A) $459. B) $465. C) $499. D) $483.
The cost of ending inventories using the weighted average cost method (rounded to the nearest dollar) is:


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

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q9: The terms '2/7' appearing on an invoice

Q10: Ming Limited had the following items of

Q11: When determining the net realisable value of

Q12: Stock take discrepancies between a count sheet

Q14: Uno Ltd uses a periodic inventories system

Q15: Under AASB 102 Inventories, items of inventories

Q16: When an inventories costing formula is changed,

Q17: Taxes may be included in the cost

Q18: AASB 102 allows which of the following

Q21: AASB 102 Inventories applies to the accounting