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(Solved): Some of the information found on a detail inventory card for Coronado Inc. for the first month of o ...
Some of the information found on a detail inventory card for Coronado Inc. for the first month of operations is as follows.
If the perpetual inventory record is kept in dollars, and costs are computed at the time of each withdrawal, would the amounts shown as ending inventory in (1), (2), and (3) above be the same? What amount would be shown as ending inventory? (Round average cost per unit to 4 decimal places, es. 2.7621 and final answers to 0 decimal places, eg. 6,548.)