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July 1 beginning merchandise inventory 18 units @ $53 each. July 8 purchase 13 units @ $56 each. July 15 purchase 12 units @ $60 each. July 26 purchase 11 units @ $63 each. On July 31, Spacely counts 5 units of merchandise on hand. Computing periodic inventory amounts - Weighted Average Date TOTAL Average cost per unit Ending merchandise inventory is... Units Cost of goods sold Units Units Cost Cost Cost Total Total Total

July 1 beginning merchandise inventory 18 units @ $53 each. July 8 purchase 13 units @ $56 each. July 15 purchase 12 units @ $60 each. July 26 purchase 11 units @ $63 each. On July 31, Spacely counts 5 units of merchandise on hand. Computing periodic inventory amounts - Weighted Average Date TOTAL Average cost per unit Ending merchandise inventory is... Units Cost of goods sold Units Units Cost Cost Cost Total Total Total

Financial Accounting
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter7: Inventories
Section: Chapter Questions
Problem 4PEB: Beginning inventory, purchases, and sales for WCS12 are as follows: Assuming a perpetual inventory...
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15 i E July 1 beginning merchandise inventory 18 units @ $53 each. July 8 purchase 13 units @ $56 each. July 15 purchase 12 units @ $60 each. July 26 purchase 11 units @ $63. each. On July 31, Spacely counts 5 units of merchandise on hand. Computing periodic inventory amounts - Weighted Average Date TOTAL Average cost per unit Ending merchandise inventory is.... Units Cost of goods sold. Units Units Cost Cost Cost Total Total Total
Transcribed Image Text:15 i E July 1 beginning merchandise inventory 18 units @ $53 each. July 8 purchase 13 units @ $56 each. July 15 purchase 12 units @ $60 each. July 26 purchase 11 units @ $63. each. On July 31, Spacely counts 5 units of merchandise on hand. Computing periodic inventory amounts - Weighted Average Date TOTAL Average cost per unit Ending merchandise inventory is.... Units Cost of goods sold. Units Units Cost Cost Cost Total Total Total
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