Use the information below to answer the following questions:
A company purchases and sells Roofoo. It began last year with 5 units of Roofoo on hand at a cost of $10 each, and during the year its purchases and sales were as follows:
-What was the value of the ending inventory of Roofoo,using the moving weighted average assumption and a perpetual inventory system?
A) $45
B) $39
C) $36.43
D) $15.
Correct Answer:
Verified
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