Mayse Company uses a weighted average perpetual inventory system and reports the following: Date August 2 Units Acquired at Cost 10 units @ $17 = $170 15 units @ $20 = $300 August 18 August 29 August 31 14 units @ $21= $294 What is the per unit value of ending inventory on August 31? Answers should be rounded to the nearest cent. Activities Purchase Purchase Sales Purchase Multiple Choice O $21.00 $22.52 O $18.80 $20.42 Units Sold at Retail 20 units sold

Mayse Company uses a weighted average perpetual inventory system and reports the following: Date August 2 Units Acquired at Cost 10 units @ $17 = $170 15 units @ $20 = $300 August 18 August 29 August 31 14 units @ $21= $294 What is the per unit value of ending inventory on August 31? Answers should be rounded to the nearest cent. Activities Purchase Purchase Sales Purchase Multiple Choice O $21.00 $22.52 O $18.80 $20.42 Units Sold at Retail 20 units sold

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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