Inventory data for Bridgeport Corp. are presented as follows. Date June 1 12 23 30 (a1) Explanation Units Unit Cost Inventory $5 Purchases Purchases Inventory June 12 Your answer is partially correct. June 1 $ tA Assume a sale of 387 units occurred on June 15 for a selling price of $8 and a sale of 45 units on June 27 for $9. $ LA tA Calculate the average cost per unit, using a perpetual inventory system. (Round answers to 3 decimal places, e.g. 5.125.) June 15 $ tA 111 June 23 $ 336 214 June 27 $ tA 229 6 5 7 5.752 Total Cost $555 2,016 1,498

Inventory data for Bridgeport Corp. are presented as follows. Date June 1 12 23 30 (a1) Explanation Units Unit Cost Inventory $5 Purchases Purchases Inventory June 12 Your answer is partially correct. June 1 $ tA Assume a sale of 387 units occurred on June 15 for a selling price of $8 and a sale of 45 units on June 27 for $9. $ LA tA Calculate the average cost per unit, using a perpetual inventory system. (Round answers to 3 decimal places, e.g. 5.125.) June 15 $ tA 111 June 23 $ 336 214 June 27 $ tA 229 6 5 7 5.752 Total Cost $555 2,016 1,498

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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