Duo Ltd uses a periodic inventory system and rounds the average unit cost to the nearest dollar. The following data relates to Duo Ltd for the year ended 30 June 2016:
The cost of ending inventory at 30 June 2016 using the weighted average cost method (rounded to the nearest euro) is:
A) €459;
B) €465;
C) €499;
D) €483.
Correct Answer:
Verified
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