Hi,

Can you please help me answer this question using the average costing methodology?

A hospital was out of juice at the end of September. They bought 200 cases on Oct. 1 at $10.00 each. and 200 more cases on Nov. 1 for $12.00 each. There were 100 cases left at the end of Oct. What would be first case expensed on Nov. 2 using the average costing method?

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