5. Jammer Company uses a weighted average perpetual inventory system and reports the following: What is the per unit value of ending inventory on August 31? Answers should be rounded to the nearest cent.

Date	Activities	Units Acquired at Cost	Units Sold at Retail
August 2	Purchase	10 units @ $31 = $310
August 18	Purchase	15 units @ $34 = $510
August 29	Sales		20 units sold
August 31	Purchase	14 units @ $35 = $490

6. Childers Company, which uses a perpetual inventory system, has an established petty cash fund in the amount of $500. The fund was last reimbursed on November 30. At the end of December, the fund contained the following petty cash receipts: If, in addition to these receipts, the petty cash fund contains $234.75 of cash, the journal entry to reimburse the fund on December 31 will include:

December 4	Merchandise purchased	$ 59
December 7	Delivery expense	$ 83
December 12	Purchase of office supplies	$ 48
December 18	Miscellaneous expense	$ 67

16. Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to the ending inventory using FIFO.

Date	Activities	Units Acquired at Cost	Units Sold at Retail
May 1	Beginning inventory	176 units @ $10 = $1,760
May 5	Purchase	246 units @ $12 = $2,952
May 10	Sales		166 units @ $20
May 15	Purchase	126 units @ $13 = $1,638
May 24	Sales		116 units @ $21

18. Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to ending inventory using LIFO.

Date	Activities	Units Acquired at Cost	Units Sold at Retail
May 1	Beginning inventory	186 units @ $10 = $1,860
May 5	Purchase	256 units @ $12 = $3,072
May 10	Sales		176 units @ $20
May 15	Purchase	136 units @ $13 = $1,768
May 24	Sales		126 units @ $21

19. Salmone Company reported the following purchases and sales for its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to cost of goods sold using LIFO.

Date	Activities	Units Acquired at Cost	Units Sold at Retail
May 1	Beginning inventory	184 units @ $10 = $ 1,840
May 5	Purchase	254 units @ $12 = $ 3,048
May 10	Sales		174 units @ $20
May 15	Purchase	134 units @ $13 = $ 1,742
May 24	Sales		124 units @ $21

21. A company's inventory records report the following: Using the FIFO perpetual inventory method, what is the value of the inventory at August 15 after the sale?

Date	Activities	Units Acquired at Cost	Units Sold at Retail
August 1	Beginning inventory	15 units @ $36 = $540
August 5	Purchase	10 units @ $37 = $370
August 12	Purchase	20 units @ $38 = $760
August 15	Sales		30 units sold

22. Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic inventory system. Determine the cost assigned to the ending inventory using FIFO.

Date	Activities	Units Acquired at Cost	Units Sold at Retail
May 1	Beginning inventory	176 units @ $10 = $1,760
May 5	Purchase	246 units @ $12 = $2,952
May 10	Sales		166 units @ $20
May 15	Purchase	126 units @ $13 = $1,638
May 24	Sales		116 units @ $21

23. Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic inventory system. Determine the cost assigned to cost of goods sold using FIFO.

Date	Activities	Units Acquired at Cost	Units Sold at Retail
May 1	Beginning inventory	150 units @ $10 = $1,500
May 5	Purchase	220 units @ $12 = $2,640
May 10	Sales		140 units @ $20
May 15	Purchase	100 units @ $13 = $1,300
May 24	Sales		90 units @ $21

29. A company purchases merchandise for $21,500. The seller also offers credit terms of 2/10, n/30. Assuming no returns were made, and that payment was made within the discount period, what is the net cost of the merchandise?