What was the total cost of the units sold, Accounting Basics

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What was the total cost of the units sold

Stephanie Stores uses the moving average flow assumption. On July 1, there were 180 units on hand and the total inventory cost was $900. On July 10, 40 more units were purchased at a cost of $6 apiece. Twenty units were sold on July 3 and 60 units were sold on July 17. What was the total cost of the units sold on July 17?

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Accounting Basics: What was the total cost of the units sold

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Accounting Basics: What was the total cost of the units sold

Reference No:- TGS071443

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Recent Questions Asked Accounting Basics

Q : What is the franchisee-s net profit

Q : What is the accumulated depreciation for this asset

Q : What was the correct net income

Q : Compute correct 2008 net income

Q : What was the total cost of the units sold

Q : How the price elasticity of demand falls less specifically

Q : What is the floor constraint on the value of this inventory

Q : Show how lower price for pop will affect consumption of milk

Q : What inventory cost flow method would the managers prefer

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What was the total cost of the units sold

Reference No:- TGS071443

Recent Questions Asked Accounting Basics

Q : What is the franchisee-s net profit

Q : What is the accumulated depreciation for this asset

Q : What was the correct net income

Q : Compute correct 2008 net income

Q : What was the total cost of the units sold

Q : How the price elasticity of demand falls less specifically

Q : What is the floor constraint on the value of this inventory

Q : Show how lower price for pop will affect consumption of milk

Q : What inventory cost flow method would the managers prefer

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