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 40 30 Unit Price $12 18 On June 1, Sandhill sold 20 units, and on August 27, 30 more units.
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 40 30 Unit Price $12 18 On June 1, Sandhill sold 20 units, and on August 27, 30 more units.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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
30
June 1 sale
On June 1, Sandhill sold 20 units, and on August 27, 30 more units.
Aug. 27 sale
Your answer is partially correct.
Unit Price
$12
Calculate the weighted-average unit cost for each sale. (Round answers to 3 decimal places, e.g. 5.125.)
$
$
18
12.000
16.000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8fff4a87-a0f5-49b6-a7da-893b246b3364%2F3ca16f26-feab-4db6-b9ce-576aad23d717%2F6lqir0g_processed.jpeg&w=3840&q=75)
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
30
June 1 sale
On June 1, Sandhill sold 20 units, and on August 27, 30 more units.
Aug. 27 sale
Your answer is partially correct.
Unit Price
$12
Calculate the weighted-average unit cost for each sale. (Round answers to 3 decimal places, e.g. 5.125.)
$
$
18
12.000
16.000
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