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You have the following information for Lily Inc. for the month ended June 30, 2022. Lily uses a periodic inventory system. Unit Cost or Quantity
You have the following information for Lily Inc. for the month ended June 30, 2022. Lily uses a periodic inventory system. Unit Cost or Quantity Selling Price Date Description June 1 Beginning inventory 40 $46 June 4 Purchase 135 49 June 10 10 Sale 110 June 11 Sale return 15 June 18 Purchase: 55 June 18 Purchase return 10 June 25 Sale 65 June 28 Purchase 35 223225 76 76 82 57 (a1) Your Answer Correct Answer Your answer is incorrect. Calculate cost per unit. (Round answer to 2 decimal places, eg. 5.25.) Weighted-average cost per unit 1
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