BE 06.07 – Wright Company (Weighted-Average Cost)
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition and 06th Edition
Given the beginning inventory, purchases, units, unit cost, and units sold… calculate the ending inventory and cost of goods sold using weighted-average cost. This is ONLY for the weighted-average cost method. This is NOT for LIFO, this is NOT for FIFO.
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