Jakarta Ltd. uses a periodic inventory system. For June, when the company sold 600 units, the following

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Jakarta Ltd. uses a periodic inventory system. For June, when the company sold 600 units, the following information is available.

Units Unit Cost Total Cost € 750 June 1 inventory 150 €5 June 15 purchase 600 6 3,600 June 23 purchase 400 3,200 1,1

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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Intermediate Accounting IFRS

ISBN: 978-1119372936

3rd edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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Question Posted: Nov 23, 2017 08:30 AM

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Jakarta Ltd. uses a periodic inventory system. For June, when the company sold 600 units, the following

Question:

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

Step by Step Answer:

Weighted average cost per unit 7550 ...View the full answer

Intermediate Accounting IFRS

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