This question was answered by an expert, however, the explaination chart included was illegible. The question asks to find the values under a perpetual inventory system. please include a clear explanation, step by step so I can duplicate. Thank you Problem 6-9A (Part Level Submission)Bramble Corp. began operations on July 1. It uses a perpetual inventory sysPurchasesDateUnitsUnit CostSales UnitsJuly 111$94July 68.July 1100I$July 145.July 21$1079.July 275.(a1)Your answer is correct.Calculate average cost for each unit. (For calculation and answers purpoJuly 194July 6July 1197.75July 1497.75July 21103.92July 27103.92Click if you would like to Show Wo

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Description: This question was answered by an expert, however, the explaination chart included was illegible. The question asks to find the values under a perpetual inventory system. please include a clear explanation, step by step so I can duplicate. Thank you

average cost as on July 1 = opening units * cost per unit / number of units = (11 * $94) / 11 =…

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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This question was answered by an expert, however, the explaination chart included was illegible. The question asks to find the values under a perpetual inventory system. please include a clear explanation, step by step so I can duplicate. Thank you

Problem 6-9A (Part Level Submission)
Bramble Corp. began operations on July 1. It uses a perpetual inventory sys
Purchases
Date
Units
Unit Cost
Sales Units
July 1
11
$94
July 6
8.
July 11
00I$
July 14
5.
July 21
$107
9.
July 27
5.
(a1)
Your answer is correct.
Calculate average cost for each unit. (For calculation and answers purpo
July 1
94
July 6
July 11
97.75
July 14
97.75
July 21
103.92
July 27
103.92
Click if you would like to Show Wo

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