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Ashe Co. recorded the following data pertaining to raw material

Resolved Question:

Ashe Co. recorded the following data pertaining to raw material X during January 2011:



Units

Date


Received


Cost


Sold


On hand

1/1/11 Inventory


$8.00


3,200

1/11/11 Sale


1,600


1,600

1/22/11 Purchase


4,800


$9.60


6,400





The moving-average unit cost of X inventory at January 31, 2011, is
A. $8.80
B. $8.96
C. $9.20
D. $9.60
Submitted: 5 years ago.
Category: Homework
Expert:  atluriram replied 5 years ago.
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