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The convenience store Swam Mart, has a beginning inventory of 12 cans of cat food at a cost of $0.85 each. During the year, the store purchased four cans at $.095, six cans at $ 1.05, seven cans at $1.
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42 votes
The convenience store Swam Mart, has a beginning inventory of 12 cans of cat food at a cost of $0.85 each. During the year, the store purchased four cans at $.095, six cans at $ 1.05, seven cans at $1.35 and eight cans at $1.50. By the end of the year, 18 cans were sold. Calculate the number of cans in ending inventory, The cost of ending inventory under LIPO, FIFO weighted average

User Tnyfst
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23 votes
23 votes

Answer:

add everything together then divide it by 2

User Isaac Urbina
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