Bramble Corp. began operations on July 1. It uses a perpetual inventory sy: Purchases Date Units Unit Cost Sales Units July 1 11 $94 July 6 8 July 11 00T$ July 14 5. July 21 $107 July 27 5. (a1) Your answer is correct. Calculate average cost for each unit. (For calculation and answers purpa July 1 94 July 6 94 24 luly 11 97.75 luly 14 97.75 luly 21 103.92 luly 27 103.92
Bramble Corp. began operations on July 1. It uses a perpetual inventory sy: Purchases Date Units Unit Cost Sales Units July 1 11 $94 July 6 8 July 11 00T$ July 14 5. July 21 $107 July 27 5. (a1) Your answer is correct. Calculate average cost for each unit. (For calculation and answers purpa July 1 94 July 6 94 24 luly 11 97.75 luly 14 97.75 luly 21 103.92 luly 27 103.92
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Part level submission Wiley 6-9 A part 2 calculate FIFO, moving average and LIFO with information on the photos

Transcribed Image Text:Problem 6-9A (Part Level Submission)
Bramble Corp. began operations on July 1. It uses a perpetual inventory sys
Purchases
Date
Units
Unit Cost
Sales Units
July 1
11
$94
July 6
8.
July 11
00I$
July 14
5.
July 21
$107
9.
July 27
5.
(a1)
Your answer is correct.
Calculate average cost for each unit. (For calculation and answers purpo
July 1
94
July 6
July 11
97.75
July 14
97.75
July 21
103.92
July 27
103.92
Click if you would like to Show Wo

Transcribed Image Text:edugen wileyplus.com/edugen/ti/main.uni
LUS Kimmel, Financial ACCounting, 8e
Help | System Announcements
CES
July 6
July 11
97.75
July 14
97.75
24
July 21
103.92
July 27
103.92
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(a2)
Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving-average, and (
inventory values to 0 decimal places, e.g. 515.)
MOVING-AVERAGE
LIFO
FIFO
The ending inventory under a perpetual inventory system
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LINK TO TEXT
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