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Flint Corporation uses a perpetual inventory system. Data for product E2-D2 includes the following purchases. Date May 7 July 28 Number of Units Unit Price $17 (a) 52 On June 1, Flintoration sold 26 units, and on August 27, 39 more units. 39 * Your answer is incorrect. June 1 sale: Aug. 27 sale: Calculate the average cost of the goods sold in the sale. (Round answers to 3 decimal places, e.g. 5.125.) 22 TA $ 492.57 738.855

Flint Corporation uses a perpetual inventory system. Data for product E2-D2 includes the following purchases. Date May 7 July 28 Number of Units Unit Price $17 (a) 52 On June 1, Flintoration sold 26 units, and on August 27, 39 more units. 39 * Your answer is incorrect. June 1 sale: Aug. 27 sale: Calculate the average cost of the goods sold in the sale. (Round answers to 3 decimal places, e.g. 5.125.) 22 TA $ 492.57 738.855

FINANCIAL ACCOUNTING
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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Flint Corporation uses a perpetual inventory system. Data for product E2-D2 includes the following purchases. Date May 7 July 28 Number of Units Unit Price (a) 52 39 On June 1, Flintoration sold 26 units, and on August 27, 39 more units. * Your answer is incorrect. June 1 sale: Aug. 27 sale: Calculate the average cost of the goods sold in the sale. (Round answers to 3 decimal places, e.g. 5.125.) $17 $ 22 $ 492.57 738.855
Transcribed Image Text:Flint Corporation uses a perpetual inventory system. Data for product E2-D2 includes the following purchases. Date May 7 July 28 Number of Units Unit Price (a) 52 39 On June 1, Flintoration sold 26 units, and on August 27, 39 more units. * Your answer is incorrect. June 1 sale: Aug. 27 sale: Calculate the average cost of the goods sold in the sale. (Round answers to 3 decimal places, e.g. 5.125.) $17 $ 22 $ 492.57 738.855
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