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Whitman Co. Began operation on July 1 . It uses a perpetual inventory system . During July , the company had the following purchases and
Whitman Co. Began operation on July 1 . It uses a perpetual inventory system . During July , the company had the following purchases and sales
Calculate the average cost per unit July 1,6,11,14,21,27 (round off answers to 2 decimal places , e.g. $ 105.50)
Next determine the ending inventory under perpetual system system using (1) FIFO, (2) moving-average cost, and (3) LIF0.( Round average cost per unit to 2 decimal places, e.g. 12.52 and final answer to 0 decimal places , e.g. 1,250 .)
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