Sunland Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Date July July 6 1 July 11 July 14 July 21 July 27 (a1) July 1 July 6 July 11 July 14 Units Unit Cost $150 5 6 Purchases 7 $ Calculate the average cost per unit at July 1, 6, 11, 14, 21 & 27. (Round intermediate calculations to O decimal places and final answers to 3 decimal places, e.g. $105.501.) ta ta $ $164 July 21 $ $175 Average cost for each unit July 27 $ Sales Units 3 5 5

Sunland Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Date July July 6 1 July 11 July 14 July 21 July 27 (a1) July 1 July 6 July 11 July 14 Units Unit Cost $150 5 6 Purchases 7 $ Calculate the average cost per unit at July 1, 6, 11, 14, 21 & 27. (Round intermediate calculations to O decimal places and final answers to 3 decimal places, e.g. $105.501.) ta ta $ $164 July 21 $ $175 Average cost for each unit July 27 $ Sales Units 3 5 5

Name: Sunland Co. began operations on July 1. It uses a perpetual inventory
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Description: Sunland Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases andsales.DateJulyJuly 61July 11July 14July 21July 27(a1)July 1July 6July 11July 14Units Unit Cost$15056Purchases7$Calc

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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