Question
You have the following information for Concord Inc. for the month ended June 30, 2022. Concord uses a periodic inventory system. Unit Cost or
You have the following information for Concord Inc. for the month ended June 30, 2022. Concord uses a periodic inventory system. Unit Cost or Date Description Quantity Selling Price June 1 Beginning inventory June 4 Purchase 135 June 10 Sale June 11 Sale return June 18 Purchase June 18 Purchase return June 25 Sale June 28 Purchase 8 8 40 $45 48 110 75 15 75 55 51 10 51 81 55 (a1) Your Answer Correct Answer Calculate cost per unit. (Round answer to 2 decimal places, e.g. 5.25.) Weighted-average cost per unit $
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
13th edition
978-1-119-4110, 1119411483, 9781119411017, 978-1119411482
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