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Martinez Corp. uses a perpetual inventory system. Data for product E2-D2 includes the following purchases. Date May 7 July 28 Number of Units (a) 44 33 On June 1, Martinez. sold 22 units, and on August 27, 33 more units. June 1 sale: $ Unit Price Aug 27 sale: $ $16 Calculate the average cost of the goods sold in the sale. (Round answers to 3 decimal places, eg. 5.125.) eTextbook and Media 21

Martinez Corp. uses a perpetual inventory system. Data for product E2-D2 includes the following purchases. Date May 7 July 28 Number of Units (a) 44 33 On June 1, Martinez. sold 22 units, and on August 27, 33 more units. June 1 sale: $ Unit Price Aug 27 sale: $ $16 Calculate the average cost of the goods sold in the sale. (Round answers to 3 decimal places, eg. 5.125.) eTextbook and Media 21

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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Martinez Corp. uses a perpetual inventory system. Data for product E2-D2 includes the following purchases. Date May 7 July 28 Number of Units (a) 44 33 On June 1, Martinez. sold 22 units, and on August 27, 33 more units. June 1 sale: $ Calculate the average cost of the goods sold in the sale. (Round answers to 3 decimal places, e.g. 5.125.) Aug. 27 sale: $ Unit Price $16 eTextbook and Media 21 List of Accounts
Transcribed Image Text:Martinez Corp. uses a perpetual inventory system. Data for product E2-D2 includes the following purchases. Date May 7 July 28 Number of Units (a) 44 33 On June 1, Martinez. sold 22 units, and on August 27, 33 more units. June 1 sale: $ Calculate the average cost of the goods sold in the sale. (Round answers to 3 decimal places, e.g. 5.125.) Aug. 27 sale: $ Unit Price $16 eTextbook and Media 21 List of Accounts
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