A company uses a weighted-average perpetual inventory system. The following transactions took place during the month of November: November 1 November 12 November 14 November 24 What is the per-unit value of ending inventory on November 30 if this company uses a weighted-average perpetual inventory system? (Round each per unit cost to 2 decimal places.) Multiple Choice $13.00 5 units were purchased at $6.00 per unit 10 units were purchased at $7.50 per unit 7 units were sold for $14.00 per unit. 12 units were purchased at $10.00 per unit $7.00 $8.80
A company uses a weighted-average perpetual inventory system. The following transactions took place during the month of November: November 1 November 12 November 14 November 24 What is the per-unit value of ending inventory on November 30 if this company uses a weighted-average perpetual inventory system? (Round each per unit cost to 2 decimal places.) Multiple Choice $13.00 5 units were purchased at $6.00 per unit 10 units were purchased at $7.50 per unit 7 units were sold for $14.00 per unit. 12 units were purchased at $10.00 per unit $7.00 $8.80
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:A company uses a weighted-average perpetual inventory system. The following transactions took place
during the month of November:
November 1
November 12
November 14
November 24
What is the per-unit value of ending inventory on November 30 if this company uses a weighted-average
perpetual inventory system? (Round each per unit cost to 2 decimal places.)
Multiple Choice
$13.00
5 units were purchased at $6.00 per unit
10 units were purchased at $7.50 per unit
7 units were sold for $14.00 per unit.
12 units were purchased at $10.00 per unit
$7.00
$8.80
$6.00
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