question archive The following information is available for Massey Company: Beginning inventory 600 units at $5 First purchase 900 units at $6 Second purchase 500 units at $7 Assume that Massey uses a periodic inventory system and that there are 700 units left at the end of the month
Subject:AccountingPrice:3.87 Bought7
The following information is available for Massey Company:
Beginning inventory 600 units at $5
First purchase 900 units at $6
Second purchase 500 units at $7
Assume that Massey uses a periodic inventory system and that there are 700 units left at the end of the month.
Instructions
Compute the cost of ending inventory under the
Purchased 7 times