Question
Blue Spruce Corp. is a retailer operating in Calgary, Alberta. Blue Spruce uses the perpetual inventory method. Assume that there are no credit transactions; all
Blue Spruce Corp. is a retailer operating in Calgary, Alberta. Blue Spruce uses the perpetual inventory method. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Blue Spruce for the month of January 2022. FIND AVERAGE COST PER UNIT
| Date | Description | Quantity | Unit Cost or Selling Price | |||
|---|---|---|---|---|---|---|
| Dec. 31 | Ending inventory | 159 | $18 | |||
| Jan. 2 | Purchase | 102 | 23 | |||
| Jan. 6 | Sale | 174 | 42 | |||
| Jan. 9 | Purchase | 73 | 24 | |||
| Jan. 10 | Sale | 55 | 48 | |||
| Jan. 23 | Purchase | 95 | 25 | |||
| Jan. 30 | Sale | 125 | 52 |
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Bookkeeping And Auditing A Career Guide
Authors: Harry Watts
1st Edition
1639878106, 1639878106
