Question
Jammer Company uses a weighted average perpetual inventory system and reports the following: August 2Purchase24 units at $18.50 per unit.August 18Purchase26 units at $20.00 per
Jammer Company uses a weighted averageperpetualinventory system and reports the following:
August 2Purchase24 units at $18.50 per unit.August 18Purchase26 units at $20.00 per unit.August 29Sale48 units.August 31Purchase29 units at $21.50 per unit.
What is the per-unit value of ending inventory on August 31?(Round your per unit answers to 2 decimal places.)
Multiple Choice
- $22.64
- $21.50
- $18.50
- $19.28
- $21.36
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Managerial Accounting Tools for business decision making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
5th edition
470506954, 471345881, 978-0470506950, 9780471345886, 978-0470477144
