Chat with us, powered by LiveChat Question: Mastering Inventory 7. For 20X1, MacFarland Inc's Units On Hand On January 1 Had A Unit Cost Of $14. MacFarland Shows The Following Data For 20x1: Date Units On Hand 40 Purchases 60 Units @ $15 Each 90 Units@ $16 Each 75 Units @ $18 Sales January 1 February2 March 3 May 12 June 22 Sept. 13 November 24 70 Units 55 Units 60 Units If MacFarland Uses Moving-average... | Wridemy

Question: Mastering Inventory 7. For 20X1, MacFarland Inc’s Units On Hand On January 1 Had A Unit Cost Of $14. MacFarland Shows The Following Data For 20×1: Date Units On Hand 40 Purchases 60 Units @ $15 Each 90 Units@ $16 Each 75 Units @ $18 Sales January 1 February2 March 3 May 12 June 22 Sept. 13 November 24 70 Units 55 Units 60 Units If MacFarland Uses Moving-average…

Mastering Inventory 7. For 20X1, MacFarland Inc’s units on hand on January 1 had a unit cost of $14. MacFarland shows the following data for 20×1: Date Units on hand 40 Purchases 60 units @ $15 each 90 units@ $16 each 75 units @ $18 Sales January 1 February2 March 3 May 12 June 22 Sept. 13 November 24 70 units 55 units 60 units If MacFarland uses moving-average costing, what is ending inventory on December 31? a. $1,015 b. $1,283 c. $1,307 d. $1,353

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