I'm not sure how I got this question wrong, it might be that I used the ending inventory of 230 when dividing. Flounder Corp. uses a periodic inventory system and reports the following for the month of June.DateJune 1122330(a1)Explanation UnitsInventoryPurchasesPurchasesInventory100385200230Your answer is incorrect.Unit CostWeighted-average unit cost $$567Total Cost$5002,3101,400Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.)

Name: I'm not sure how I got this question wrong, it might be that I used th
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Description: I'm not sure how I got this question wrong, it might be that I used the ending inventory of 230 when dividing. Flounder Corp. uses a periodic inventory system and reports the following for the month of June.DateJune 1122330(a1)Explanation UnitsInvent

Calculation of weighted average unit cost are as follows

Business

Accounting

Flounder Corp. uses a periodic inventory system and reports the following for the month of June. Date June 1 12 23 Explanation Units Unit Cost Inventory Purchases Purchases 100 385 200 $5 6 7 Total Cost $500 2,310 1,400

Flounder Corp. uses a periodic inventory system and reports the following for the month of June. Date June 1 12 23 Explanation Units Unit Cost Inventory Purchases Purchases 100 385 200 $5 6 7 Total Cost $500 2,310 1,400

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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