Jakarta Ltd. uses a periodic inventory system. For June, when the company sold 600 units, the following
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Compute the June 30 inventory and the June cost of goods sold using the average-cost method. (Round unit costs to two decimal points.)
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Units Unit Cost Total Cost € 750 June 1 inventory 150 €5 June 15 purchase 600 6 3,600 June 23 purchase 400 3,200 1,150 €7,550
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Weighted average cost per unit 7550 ...View the full answer
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Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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