The materials account of the Herbert Company reflected the following changes during August: Assuming that Herbert Company maintains perpetual inventory records, calculate the cost of the ending inventory at August 31 and the cost of the units issued in August using the moving average method.

Question

The materials account of the Herbert Company reflected the following changes during August:  Assuming that Herbert Company maintains perpetual inventory records, calculate the cost of the ending inventory at August 31 and the cost of the units issued in August using the moving average method.

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The Answer of The materials account of the Herbert Company reflected the following changes during August:  Assuming that Herbert Company maintains perpetual inventory records, calculate the cost of the ending inventory at August 31 and the cost of the units issued in August using the moving average method.

The Materials Account of the Herbert Company Reflected the Following