Share,Inc.
The following data is available for one of the products sold by Share,Inc. ,which uses a perpetual inventory system.
May 1$\quad $ On hand, 10 units $@ \$ 2$ each
8$\quad $ Sold 6 units@$10 each
14$\quad $ Purchased 30 units $@ \$ 3$ each
23 $\quad $Sold 24 units $@ \$ 10$ each

-Refer to the data for Share,Inc.
?
If the moving average method is used,how much is ending inventory on May 30?

Question

Share,Inc.
The following data is available for one of the products sold by Share,Inc. ,which uses a perpetual inventory system.
 May 1$\quad $ On hand, 10 units $@ \$ 2$ each
8$\quad $ Sold 6 units@$10 each
14$\quad $ Purchased 30 units $@ \$ 3$ each
23 $\quad $Sold 24 units $@ \$ 10$ each

-Refer to the data for Share,Inc.
?
If the moving average method is used,how much is ending inventory on May 30?

Quizplus · Accepted Answer

The Answer of Share,Inc.
The following data is available for one of the products sold by Share,Inc. ,which uses a perpetual inventory system.
 May 1$\quad $ On hand, 10 units $@ \$ 2$ each
8$\quad $ Sold 6 units@$10 each
14$\quad $ Purchased 30 units $@ \$ 3$ each
23 $\quad $Sold 24 units $@ \$ 10$ each

-Refer to the data for Share,Inc.
?
If the moving average method is used,how much is ending inventory on May 30?

Share,Inc the Following Data Is Available for One of the Products

Share,Inc
the Following Data Is Available for One of the Products