Question
Jammer Company uses a weighted average perpetual inventory system and reports the following: August 2 Purchase 15 units at $14.00 per unit. August 18 Purchase
Jammer Company uses a weighted average perpetual inventory system and reports the following:
| August 2 | Purchase | 15 units at $14.00 per unit. |
| August 18 | Purchase | 17 units at $11.00 per unit. |
| August 29 | Sale | 30 units. |
| August 31 | Purchase | 20 units at $17.00 per unit. |
What is the per-unit value of ending inventory on August 31?
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
6th Canadian edition
1118644948, 978-1118805084, 1118805089, 978-1118644942
