Transactions for the month of June were: Purchases Sales June 1 (balance) 3130 @ $3.00 June 2 2300 @ $5.70 8700@ 2.90 6. 6430@ 5.70 4710 @ 3.10 6. 4080 @ 5.70 15 7150 @ 3.20 10 1600 @ 7.00 22 2060 @ 3.30 18 5620 @ 7.00 25 790 @ 7.00 Assuming that perpetual inventory records are kept in units only, the ending inventory on an average-cost basis, rounded to the nearest dollar, is (Round average cost per unit to 2 decimal places, e.g. 1.48.) O $15347. O $15086. O $14547. O $15467.
Transactions for the month of June were: Purchases Sales June 1 (balance) 3130 @ $3.00 June 2 2300 @ $5.70 8700@ 2.90 6. 6430@ 5.70 4710 @ 3.10 6. 4080 @ 5.70 15 7150 @ 3.20 10 1600 @ 7.00 22 2060 @ 3.30 18 5620 @ 7.00 25 790 @ 7.00 Assuming that perpetual inventory records are kept in units only, the ending inventory on an average-cost basis, rounded to the nearest dollar, is (Round average cost per unit to 2 decimal places, e.g. 1.48.) O $15347. O $15086. O $14547. O $15467.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![View Policies
Current Attempt in Progress
Transactions for the month of June were:
Purchases
Sales
June 1
(balance) 3130 @ $3.00
June 2
2300 @ $5.70
8700@
2.90
6.
6430 @
5.70
4710 @
3.10
9.
4080 @
5.70
15
7150 @
3.20
10
1600 @
7.00
22
2060 @
3.30
18
5620 @
7.00
25
790 @
7.00
Assuming that perpetual inventory records are kept in units only, the ending inventory on an average-cost basis, rounded to the
nearest dollar, is (Round average cost per unit to 2 decimal places, e.g. 1.48.)
O $15347.
O $15086.
O $14547.
O $15467.
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Transcribed Image Text:View Policies
Current Attempt in Progress
Transactions for the month of June were:
Purchases
Sales
June 1
(balance) 3130 @ $3.00
June 2
2300 @ $5.70
8700@
2.90
6.
6430 @
5.70
4710 @
3.10
9.
4080 @
5.70
15
7150 @
3.20
10
1600 @
7.00
22
2060 @
3.30
18
5620 @
7.00
25
790 @
7.00
Assuming that perpetual inventory records are kept in units only, the ending inventory on an average-cost basis, rounded to the
nearest dollar, is (Round average cost per unit to 2 decimal places, e.g. 1.48.)
O $15347.
O $15086.
O $14547.
O $15467.
Save for Later
Attempts: 0 of 2 used
Submit Answer
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