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Sandhill Department Store uses a perpetual inventory system. Data for product E2-D2 includes the following purchases. Unit Price $12 Date May 7 July 28 Number of Units (a1) 40 On June 1, Sandhill sold 20 units, and on August 27, 30 more units. June 1 sale 30 Aug. 27 sale Calculate the weighted-average unit cost for each sale. (Round answers to 3 decimal places, e.g. 5.125.) 18 $

Sandhill Department Store uses a perpetual inventory system. Data for product E2-D2 includes the following purchases. Unit Price $12 Date May 7 July 28 Number of Units (a1) 40 On June 1, Sandhill sold 20 units, and on August 27, 30 more units. June 1 sale 30 Aug. 27 sale Calculate the weighted-average unit cost for each sale. (Round answers to 3 decimal places, e.g. 5.125.) 18 $

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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Sandhill Department Store uses a perpetual inventory system. Data for product E2-D2 includes the following purchases. Date May 7 July 28 Number of Units (a1) 40 On June 1, Sandhill sold 20 units, and on August 27, 30 more units. June 1 sale 30 Aug. 27 sale Calculate the weighted-average unit cost for each sale. (Round answers to 3 decimal places, e.g. 5.125.) Unit Price $12 18 $ $
Transcribed Image Text:Sandhill Department Store uses a perpetual inventory system. Data for product E2-D2 includes the following purchases. Date May 7 July 28 Number of Units (a1) 40 On June 1, Sandhill sold 20 units, and on August 27, 30 more units. June 1 sale 30 Aug. 27 sale Calculate the weighted-average unit cost for each sale. (Round answers to 3 decimal places, e.g. 5.125.) Unit Price $12 18 $ $
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