Question: Mike s Powersports uses the average cost inventory method Mike s Powersports

Mike’s Powersports uses the average cost inventory method. Mike’s Powersports started August with 10 helmets that cost $54 each. On August 19, Mike’s Powersports bought 15 helmets at $56 each. On August 28, Mike’s Powersports sold 12 helmets.
Prepare a perpetual inventory record for the average cost method. Round average cost per unit to the nearest cent and all other amounts to the nearest dollar.



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  • CreatedJuly 08, 2015
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