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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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