Question
Vaughn Manufacturing began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Purchases Date
Vaughn Manufacturing began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales.
Purchases
Date
Units
Unit Cost
Sales Units
July 1
14$120July 6
10July 11
6$128July 14
6July 21
8$138July 27
6
(a1)
Calculate average cost for each unit.
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Fundamentals of Cost Accounting
Authors: William N. Lanen, Shannon Anderson, Michael W Maher
6th edition
1259969479, 1259565408, 978-1259969478
