The Jordan Corporation uses Raw Material A in a manufacturing process.Information as to balances on hand,purchases,and requisitions of Raw Material A is given in the following table. Raw Material A If a perpetual inventory record of Raw Material A is maintained on a moving average basis,the 140 units issued on March 16 will have a unit cost of (round to 3 decimal places):
A)$1.525.
B)$1.475.
C)$1.50.
D)$1.438.

Question

The Jordan Corporation uses Raw Material A in a manufacturing process.Information as to balances on hand,purchases,and requisitions of Raw Material A is given in the following table. Raw Material A  If a perpetual inventory record of Raw Material A is maintained on a moving average basis,the 140 units issued on March 16 will have a unit cost of (round to 3 decimal places):
A)$1.525. 
B)$1.475. 
C)$1.50. 
D)$1.438.

Quizplus · Accepted Answer

The Answer of The Jordan Corporation uses Raw Material A in a manufacturing process.Information as to balances on hand,purchases,and requisitions of Raw Material A is given in the following table. Raw Material A  If a perpetual inventory record of Raw Material A is maintained on a moving average basis,the 140 units issued on March 16 will have a unit cost of (round to 3 decimal places):
A)$1.525. 
B)$1.475. 
C)$1.50. 
D)$1.438.

The Jordan Corporation Uses Raw Material a in a Manufacturing