Please do not give solution in image format thanku Cullumber Company had the following transactions for the month of June:June 1371522Purchases(balance) 3300 @ $3.308780@3.204850@ 3.407220@ 3.502060@ 3.60June 2O $17554O $18517.O $18144.O $18397.69101825Sales2390@ $5.406500 @5.403960@ 5.401670@7.005520@ 7.00770@7.00Assuming that perpetual inventory records are kept in units only, the ending inventory on an average-cost basis, is (Round average costper unit to 2 decimal places, eg. 1.48)

Perpetual record in units means the record maintained on daily basis but in units only. This means…

Cullumber Company had the following transactions for the month of June: June 1 3 7 15 22 Purchases (balance) 3300 @ $3.30 8780@ O $17554 O $18517. O $18144. O $18397. 4850@ 7220@ 2060@ 3.20 3.40 3.50 3.60 June 2 6 9 10 18 25 Sales 2390@ $5.40 6500 5.40 3960@ 5:40 1670@ 7.00 5520@ 7.00 770@ 7.00 Assuming that perpetual inventory records are kept in units only, the ending inventory on an average-cost basis, is (Round average cost per unit to 2 decimal places, eg. 1.48)

Cullumber Company had the following transactions for the month of June: June 1 3 7 15 22 Purchases (balance) 3300 @ $3.30 8780@ O $17554 O $18517. O $18144. O $18397. 4850@ 7220@ 2060@ 3.20 3.40 3.50 3.60 June 2 6 9 10 18 25 Sales 2390@ $5.40 6500 5.40 3960@ 5:40 1670@ 7.00 5520@ 7.00 770@ 7.00 Assuming that perpetual inventory records are kept in units only, the ending inventory on an average-cost basis, is (Round average cost per unit to 2 decimal places, eg. 1.48)

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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