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A company uses a weighted-average perpetual inventory system. The following transactions took place during the month of August: August 2 August 18 August 29 August 31 What is the per-unit value of ending inventory on August 31? (Round eoch per unit cost to two decimal points.) O $13.80 10 units were purchased at $12 per unit 15 units were purchased at $15 per unit 20 units were sold 14 units were purchased at $16 per unit $16.00 $12.00 $15.42 O $17.74

A company uses a weighted-average perpetual inventory system. The following transactions took place during the month of August: August 2 August 18 August 29 August 31 What is the per-unit value of ending inventory on August 31? (Round eoch per unit cost to two decimal points.) O $13.80 10 units were purchased at $12 per unit 15 units were purchased at $15 per unit 20 units were sold 14 units were purchased at $16 per unit $16.00 $12.00 $15.42 O $17.74

FINANCIAL ACCOUNTING
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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**Question 33** A company uses a weighted-average perpetual inventory system. The following transactions took place during the month of August: - **August 2:** 10 units were purchased at $12 per unit. - **August 18:** 15 units were purchased at $15 per unit. - **August 29:** 20 units were sold. - **August 31:** 14 units were purchased at $16 per unit. **Question:** What is the per-unit value of ending inventory on August 31? (Round each per unit cost to two decimal points.) - A) $13.80 - B) $16.00 - C) $12.00 - D) $15.42 - E) $17.74 *Note:* Moving to another question will save this response.
Transcribed Image Text:**Question 33** A company uses a weighted-average perpetual inventory system. The following transactions took place during the month of August: - **August 2:** 10 units were purchased at $12 per unit. - **August 18:** 15 units were purchased at $15 per unit. - **August 29:** 20 units were sold. - **August 31:** 14 units were purchased at $16 per unit. **Question:** What is the per-unit value of ending inventory on August 31? (Round each per unit cost to two decimal points.) - A) $13.80 - B) $16.00 - C) $12.00 - D) $15.42 - E) $17.74 *Note:* Moving to another question will save this response.
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