Question: Problem 6-09A al-a2, b (Part Level Submission) Pharoah Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had

 Problem 6-09A al-a2, b (Part Level Submission) Pharoah Co. began operations

Problem 6-09A al-a2, b (Part Level Submission) Pharoah Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Date Units Purchases Unit Cost $140 Sales Units $150 July 1 July 6 July 11 July 14 July 21 July 27 $161 (a1) Your answer is correct. Calculate the average cost per unit at July 1, 6, 11, 14, 21 & 27. (Round answers to 2 decimal places, e.g. $105.50.) Average cost for each unit July 1 T 140 July 6 140 July 11 148.75 July 14 148.75 July 21 158.5 158.55 July 27 Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 1 of 5 used (a2) x Your answer is incorrect. Try again. Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving average cost, and (3) LIFO. (Round average-cost per unit to 2 decimal places, e.g. 12.52 and final answer to o decimal places, e.g. 1,250.) FIFO MOVING-AVERAGE LIFO The ending inventory under a perpetual inventory system 483 475.65 475.65 721 Click if you would like to Show Work for this question: Open Show Work

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