Berring Sales uses the average-cost method.The partially completed inventory record for January appears below. On January 14,the company sold 10 units.On January 29,the company sold 50 units.
-Complete the inventory record through the January 14 sale,and calculate the Inventory balance after the January 14 sale.(Please round to the nearest whole dollar.)

Question

Berring Sales uses the average-cost method.The partially completed inventory record for January appears below.  On January 14,the company sold 10 units.On January 29,the company sold 50 units.
-Complete the inventory record through the January 14 sale,and calculate the Inventory balance after the January 14 sale.(Please round to the nearest whole dollar.)

Quizplus · Accepted Answer

D) Calculations: 55 × $4.15 = $228

Berring Sales Uses the Average-Cost Method