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Pharoah Company uses a perpetual inventory system and reports the following for the month of June. Date June 1 (a1) 12 23 30 June 1
Pharoah Company uses a perpetual inventory system and reports the following for the month of June. Date June 1 (a1) 12 23 30 June 1 June 12 Explanation Units Inventory Purchase Purchase June 23 Inventory $ $ June 15 $ tA tA $ tA 120 Calculate the weighted-average cost per unit, using a perpetual inventory system. Assume a sale of 400 units occurred on June 15 for a selling price of $7 and a sale of 50 units on June 27 for $8. (Round intermediate calculations to 0 decimal places, e.g. 152 and final answers to 3 decimal places, e.g. 5.125.) June 27 $ 380 210 260 Unit Cost $5 6 7 Total Cost $600 2,280 1,470
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