8. Celine Company provided the following data relating to an inventory item.UnitsUnit costTotal costBeginning balance10 Purchase2002501,000,0001,250,000Jan. 15,0005,0007,0001,00016,0002,00015 Sale16 Sale return2,400,000300,00030 Purchase15031 Purchase return150Under the perpetual system, what is the moving average unit cost on January 31?а. 167b. 165C.181d. 225

Perpetual inventory system is system of checking the inventory constantly throughout the year like…

8. Celine Company provided the following data relating to an inventory item. Unit cost Total cost 1,000,000 1,250,000 Units Beginning balance 10 Purchase Jan. 1 200 5,000 5,000 7,000 1,000 16,000 2,000 250 15 Sale 16 Sale return 30 Purchase 150 2,400,000 300,000 31 Purchase return 150 Under the perpetual system, what is the moving average unit cost on January 31? а. 167 b. 165 C. 181 d. 225

8. Celine Company provided the following data relating to an inventory item. Unit cost Total cost 1,000,000 1,250,000 Units Beginning balance 10 Purchase Jan. 1 200 5,000 5,000 7,000 1,000 16,000 2,000 250 15 Sale 16 Sale return 30 Purchase 150 2,400,000 300,000 31 Purchase return 150 Under the perpetual system, what is the moving average unit cost on January 31? а. 167 b. 165 C. 181 d. 225

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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am.105.
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