Question
Vaughn Manufacturing is a retailer operating in Calgary, Alberta. Vaughn uses the perpetual inventory method. Assume that there are no credit transactions; all amounts are
Vaughn Manufacturing is a retailer operating in Calgary, Alberta. Vaughn uses the perpetual inventory method. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Vaughn for the month of January 2022.
Date | Description | Quantity | Unit Cost or Selling Price | |||
---|---|---|---|---|---|---|
Dec. 31 | Ending inventory | 150 | $20 | |||
Jan. 2 | Purchase | 100 | 21 | |||
Jan. 6 | Sale | 185 | 37 | |||
Jan. 9 | Purchase | 65 | 25 | |||
Jan. 10 | Sale | 60 | 48 | |||
Jan. 23 | Purchase | 105 | 26 | |||
Jan. 30 | Sale | 125 | 51 |
(a1)
New attempt is in progress. Some of the new entries may impact the last attempt grading.Your answer is incorrect.
Calculate average cost for each unit. (Round answers to 3 decimal places, e.g. 5.125.)
Jan. 1 | $enter a dollar amount | |
---|---|---|
Jan. 2 | $enter a dollar amount | |
Jan. 6 | $enter a dollar amount | |
Jan. 9 | $enter a dollar amount | |
Jan. 10 | $enter a dollar amount | |
Jan. 23 | $enter a dollar amount | |
Jan. 30 | $enter a dollar amount |
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