DateActivitiesUnits Acquired at Cost10 units @ $25 = $25015 units @ $28 = $420Units SoldAugust 2August 18August 29August 31PurchasePurchaseSales20 unitPurchase14 units @ $29 = $406What is the per unit value of ending inventory on August 31? Answers should berounded to the nearest cent.Multiple Choice$28.42$26.80$29.00$25.00O $30.35

Name: DateActivitiesUnits Acquired at Cost10 units @ $25 = $25015 units @ $
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Description: DateActivitiesUnits Acquired at Cost10 units @ $25 = $25015 units @ $28 = $420Units SoldAugust 2August 18August 29August 31PurchasePurchaseSales20 unitPurchase14 units @ $29 = $406What is the per unit value of ending inventory on August 31? Answers

Formulas that are used:- Note:- I have used the weighted average method to calculate the per-unit…

Business

Accounting

Date Activities Purchase Purchase Sales Units Acquired at Cost 10 units @ $25 = $250 15 units @ $28 = $420 Units Sold August 2 August 18 August 29 August 31 20 unit Purchase 14 units @ $29 = $406 What is the per unit value of ending inventory on August 31? Answers should be rounded to the nearest cent.

Date Activities Purchase Purchase Sales Units Acquired at Cost 10 units @ $25 = $250 15 units @ $28 = $420 Units Sold August 2 August 18 August 29 August 31 20 unit Purchase 14 units @ $29 = $406 What is the per unit value of ending inventory on August 31? Answers should be rounded to the nearest cent.

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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