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Assume that J-Mart uses a perpetual weighted average inventory system. During the period, it had two sales. Calculate the average cost per unit on hand

Assume that J-Mart uses a perpetual weighted average inventory system. During the period, it had two sales. Calculate the average cost per unit on hand as of June 8 when it made its first sale.

Jun 1

Beginning Inventory

10 @ $12

Jun 5

Purchase

10 @ $15

Jun 8

Sale

6 units

Jun 28

Purchase

10 @ $18

Jun 30

Sale

8 units

Multiple choice question.

$13.50/unit

$33/unit

$15/unit

$10/unit

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