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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
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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Inventory data for Bridgeport Corp. are presented as follows. Date June 1 12 23 30 (a1) June 1 June 12 Explanation Units Inventory Purchases June 15 Purchases Inventory June 23 June 27 Your answer is partially correct. 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. tA $ Calculate the average cost per unit, using a perpetual inventory system. (Round answers to 3 decimal places, e.g. 5.125.) $ $ tA 111 336 tA 214 $ 229 Unit Cost $5 6 5 7 5.752 Total Cost $555 2,016 1,498
Transcribed Image Text:Inventory data for Bridgeport Corp. are presented as follows. Date June 1 12 23 30 (a1) June 1 June 12 Explanation Units Inventory Purchases June 15 Purchases Inventory June 23 June 27 Your answer is partially correct. 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. tA $ Calculate the average cost per unit, using a perpetual inventory system. (Round answers to 3 decimal places, e.g. 5.125.) $ $ tA 111 336 tA 214 $ 229 Unit Cost $5 6 5 7 5.752 Total Cost $555 2,016 1,498
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