Question
Tamarisk, Inc. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Date Units
Tamarisk, Inc. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales.
| Date | Units | Unit Cost | Sales Units |
| July 1 | 7 | $53 | |
| July 6 | 5 | ||
| July 11 | 3 | $56 | |
| July 14 | 3 | ||
| July 21 | 4 | $60 | |
| July 27 | 3 |
Calculate the average cost for each unit. (For calculation and answers purposes round unit costs to 3 decimal places, e.g. 15.125.) Determine the ending inventory under a perpetual inventory system using
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Global Accounting Information Systems Ais For Developing Countries
Authors: Dr. Mawududur Rahman
1st Edition
1717133207, 978-1717133205
