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How do I calculate the average cost per unit using a perpetual inventory system? Teal Mountain Inc. reports the following for the month of June.DateExplanationUnitsUnit
How do I calculate the average cost per unit using a perpetual inventory system?
Teal Mountain Inc. reports the following for the month of June.DateExplanationUnitsUnit CostTotal CostJune 1Inventory121$605S$12Purchases37162,22623Purchases18271,27430Inventory242A sale of 382 units occurred on June 15 for a selling price of $7 and a sale of 50 units on June 27 for $8.V(a)Calculate the average cost per unit, using a perpetual inventory system. (Round answers to 3 decimal places, e.g. 5.125.)June 1LAJune 12June 15June 23June 27 $ Step by Step Solution
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Accounting Principles Part 3
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow
6th Canadian edition Volume 1
1118306805, 978-1118306802
