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You are provided with the following information for Najera Inc. for the month ended June 30, 2017. Najera uses the periodic method for inventory. Date
You are provided with the following information for Najera Inc. for the month ended June 30, 2017. Najera uses the periodic method for inventory. Date Description Quantity Unit Cost or Selling Price June 1 Beginning inventory 43 $41 June 4 Purchase 137 45 June 10 Sale 108 68 June 11 Sale return 18 68 June 18 Purchase 53 47 June 18 Purchase return 10 47 June 25 Sale 66 73
Problem 6-5A You are provided with the following information for Najera Inc. for the month ended June 30, 2017. Najera uses the periodic method for inventory Unit Cost or Selling Price $41 Description Quantity Date June 1 June 4 Purchase June 10 Sale June 11 Sale return June 18 Purchase June 18 Purchase return June 25 Sale June 28 Purchase Beginning inventory 43 137 108 18 53 10 68 68 47 47 73 51 Calculate cost per unit. (Round answer to 2 decimal places, e.g. 5.25.) Weighted-average cost per unitStep by Step Solution
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