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A company just starting business made the following four inventory purchases in June: June 1: 150...

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A company just starting business made the following four inventory purchases in June:

June 1: 150 units, $ 210

June 10: 200 units, 460

June 15: 200 units, 580

June 28: 150 units, 450

Total: $1,700

A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand.

Using the average-cost method, find the amount allocated to the ending inventory on June 30.

Average-Cost (Weighted-Average) Inventory Valuation Method

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Using the average-cost method, find the amount allocated to the ending inventory on June 30.

200 units are in ending inventory. In order to...

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Weighted Average: Formula, Calculation & Examples

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Chapter 24 / Lesson 12
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Learn what a weighted average is. Understand how to use the weighted average formula. Explore the difference between arithmetic mean and weighted mean.


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