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
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 5BE
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Question
![8. Celine Company provided the following data relating to an inventory item.
Units
Unit cost
Total cost
Beginning balance
10 Purchase
200
250
1,000,000
1,250,000
Jan. 1
5,000
5,000
7,000
1,000
16,000
2,000
15 Sale
16 Sale return
2,400,000
300,000
30 Purchase
150
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fac46ae03-5527-42fe-8e9a-36f02aa231b9%2F8f3a8e86-65bb-4ccf-ad25-8e20d5cbd46f%2Ffxnl2m_processed.png&w=3840&q=75)
Transcribed Image Text:8. Celine Company provided the following data relating to an inventory item.
Units
Unit cost
Total cost
Beginning balance
10 Purchase
200
250
1,000,000
1,250,000
Jan. 1
5,000
5,000
7,000
1,000
16,000
2,000
15 Sale
16 Sale return
2,400,000
300,000
30 Purchase
150
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
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