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of beginning inventory at a cost of $3.00. During the year, the company made the following purchases: May, 1200 units at $4.00 and July, 800 units at $6.00. If Hudson Company sold 1400 units during the year, what amount would the company report as ending inventory if the company uses the weighted average cost method to value inventory? (round to the nearest dollar). O $4,884 O $4,767 O $6,216 O $6,067 O None of the above.

of beginning inventory at a cost of $3.00. During the year, the company made the following purchases: May, 1200 units at $4.00 and July, 800 units at $6.00. If Hudson Company sold 1400 units during the year, what amount would the company report as ending inventory if the company uses the weighted average cost method to value inventory? (round to the nearest dollar). O $4,884 O $4,767 O $6,216 O $6,067 O None of the above.

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter8: Inventories: Special Valuation Issues
Section: Chapter Questions
Problem 11RE: Johnson Corporation had beginning inventory of 20,000 at cost and 35,000 at retail. During the year,...
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Hudson Company started its year with 500 units of beginning inventory at a cost of $3.00. During the the company made the following purchases: May, 1200 units at $4.00 and July, 800 units at $6.00. If Hudson Company sold 1400 units during the year, what amount would the company year, report as ending inventory if the company uses the weighted average cost method to value inventory? (round to the nearest dollar). O $4,884 O $4,767 $6,216 $6,067 O None of the above.
Transcribed Image Text:Hudson Company started its year with 500 units of beginning inventory at a cost of $3.00. During the the company made the following purchases: May, 1200 units at $4.00 and July, 800 units at $6.00. If Hudson Company sold 1400 units during the year, what amount would the company year, report as ending inventory if the company uses the weighted average cost method to value inventory? (round to the nearest dollar). O $4,884 O $4,767 $6,216 $6,067 O None of the above.
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