Stephanie stores uses the moving average flow assumption., Ask an Expert

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Stephanie Stores uses the moving average flow assumption. On July 1, there were 180 units on hand and the total inventory cost was $900. On July 10, 40 more units were purchased at a cost of $6 apiece. Twenty units were sold on July 3 and 60 units were sold on July 17. What was the total cost of the units sold on July 17?

a) $728

b) $330

c) $100

d) $312

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9412546

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