Larkspur, Inc. uses a periodic inventory system and reports the following for the month of June....
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Larkspur, Inc. uses a periodic inventory system and reports the following for the month of June. Date Explanation Units Unit Cost Total Ct June 1 Inventory 105 $5 $525 12 Purchases 375 6. 2,250 23 Purchases 205 7 1,435 30 Inventory 240 (a1) Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average unit cost $4 Larkspur, Inc. uses a periodic inventory system and reports the following for the month of June. Date Explanation Units Unit Cost Total Ct June 1 Inventory 105 $5 $525 12 Purchases 375 6. 2,250 23 Purchases 205 7 1,435 30 Inventory 240 (a1) Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average unit cost $4
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Under periodic system records are maintained and updated at the end of the peri... View the full answer
Related Book For
Accounting Principles
ISBN: 978-1119048503
7th Canadian Edition Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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