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
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Chapter1: Financial Statements And Business Decisions
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Cullumber Company had the following transactions for the month of June:
June 1
3
7
15
22
Purchases
(balance) 3300 @ $3.30
8780@
3.20
4850@ 3.40
7220@ 3.50
2060@ 3.60
June 2
O $17554
O $18517.
O $18144.
O $18397.
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)
Transcribed Image Text:Cullumber Company had the following transactions for the month of June: June 1 3 7 15 22 Purchases (balance) 3300 @ $3.30 8780@ 3.20 4850@ 3.40 7220@ 3.50 2060@ 3.60 June 2 O $17554 O $18517. O $18144. O $18397. 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)
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