Oriole Company's record of transactions concerning part WA6 for the month of September was as follows.PurchasesSeptember 1 (balance on hand)3(a1)نا12292 216300200 @300 @300 @500 @300@ $13.00Average-cost per unit $@13.1013.2513.3013.3013.40SalesSeptember 4172730400600300200Calculate average-cost per unit. Assume that perpetual inventory records are kept in units only. (Round answer to 2 decimal places,eg. 2.76.)

Inventory valuation is based on the flow-off issue used by the organization. It can be the first in…

Oriole Company's record of transactions concerning part WA6 for the month of September was as f s as follows. Purchases September 1 (balance on hand) 3 (a1) 12 16 22 26 300 @ $13.00 200 @ 13.10 Average-cost per unit 300 @ 300 @ 500 @ 300 @ 13.40 13.25 13.30 13.30 Sales September 4 17 27 30 400 600 300 200 Calculate average-cost per unit. Assume that perpetual inventory records are kept in units only. (Round answer to 2 decimal pla e.g.2.76.)

Oriole Company's record of transactions concerning part WA6 for the month of September was as f s as follows. Purchases September 1 (balance on hand) 3 (a1) 12 16 22 26 300 @ $13.00 200 @ 13.10 Average-cost per unit 300 @ 300 @ 500 @ 300 @ 13.40 13.25 13.30 13.30 Sales September 4 17 27 30 400 600 300 200 Calculate average-cost per unit. Assume that perpetual inventory records are kept in units only. (Round answer to 2 decimal pla e.g.2.76.)

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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