Jammer Company uses a weighted average perpetual inventory system and reports the following: August 2 Purchase 10
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Question:
Jammer Company uses a weighted average perpetual inventory system and reports the following:
August 2 | Purchase | 10 units at $12 per unit. | ||
August 18th | Purchase | 15 units at $15 per unit. | ||
August 29th | Sale | 20 units | ||
August, 31 | Purchase | 14 units at $16 per unit. | ||
What is the unit value of ending inventory on August 31?
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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