were: Feb. 20 May 5 630 (a) 535 units at $8 units at $9 Aug. 12 Dec. 8 Determine the cost of goods available for sale. The cost of goods available for sale 445 $ 120 Cullumber Company uses a periodic inventory system. Sales totaled 1,500 units. units at units at $10 $11 $7 per During the yea
were: Feb. 20 May 5 630 (a) 535 units at $8 units at $9 Aug. 12 Dec. 8 Determine the cost of goods available for sale. The cost of goods available for sale 445 $ 120 Cullumber Company uses a periodic inventory system. Sales totaled 1,500 units. units at units at $10 $11 $7 per During the yea
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Cullumber Company Inc. had a beginning inventory of 120 units of Product RST at a cost of $7 per unit. During the year, purchases
were:
630 units at
$8
May 5 535 units at $9
Feb. 20
(a)
Aug. 12
Dec. 8
Determine the cost of goods available for sale.
Cullumber Company uses a periodic inventory system. Sales totaled 1,500 units.
The cost of goods available for sale $
Weighted-average cost per unit $
445
120
units at
units at
$10
$11
Calculate weighted-average cost per unit. (Round answer to 3 decimal places, e.g. 5.125.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F05136949-0414-47eb-a73e-74f55563dd77%2F0624fc63-a63d-42dc-b550-13f0ec19f769%2Ft5rseooj_processed.png&w=3840&q=75)
Transcribed Image Text:Cullumber Company Inc. had a beginning inventory of 120 units of Product RST at a cost of $7 per unit. During the year, purchases
were:
630 units at
$8
May 5 535 units at $9
Feb. 20
(a)
Aug. 12
Dec. 8
Determine the cost of goods available for sale.
Cullumber Company uses a periodic inventory system. Sales totaled 1,500 units.
The cost of goods available for sale $
Weighted-average cost per unit $
445
120
units at
units at
$10
$11
Calculate weighted-average cost per unit. (Round answer to 3 decimal places, e.g. 5.125.)
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