Assume ABC uses the average cost method of inventory valuation. What unit cost would be used to determine the amount in ending inventory or cost of goods sold?

Question

Business

Donavan Huang

26 February, 05:29

Assume ABC uses the average cost method of inventory valuation. What unit cost would be used to determine the amount in ending inventory or cost of goods sold?

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Answers (1)

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Seamus Briggs · Answer 1

The correct answer is $13.60

Explanation:

Taking into account the average cost method, the sum of all the values presented as unit costs per unit is performed, which results in the figure of $ 68. Finally, the division is made by the amount of securities presented (5), which results in the amount of $ 13.60.