How much is the cost of issuances on April 10 using Moving Average method?How much is the ending inventory on April 10 using Moving Average method? Consider the following data:RECEIVEDISSUED1-Apr 20 units @ P 5.00 each5-Apr60 units @ P 6.00 each10-Apr30 units

Using moving average method, average cost per unit is calculated after every sale and purchase.

Answered: Consider the following data: RECEIVED…

Business

Accounting

Consider the following data: RECEIVED ISSUED 1-Apr| 20 units @ P 5.00 each 5-Apr 10-Apr 60 units @ P 6.00 each 30 units

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter11: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 11.18E

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How much is the cost of issuances on April 10 using Moving Average method?
How much is the ending inventory on April 10 using Moving Average method?

Consider the following data:
RECEIVED
ISSUED
1-Apr 20 units @ P 5.00 each
5-Apr
60 units @ P 6.00 each
10-Apr
30 units

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