Cullumber Company Inc. had a beginning inventory of 120 units of Product RST at a cost of $7 per unit. During the year, purchaseswere:630 units at$8May 5 535 units at $9Feb. 20(a)Aug. 12Dec. 8Determine 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 $445120units atunits at$10$11Calculate weighted-average cost per unit. (Round answer to 3 decimal places, e.g. 5.125.)

Name: Cullumber Company Inc. had a beginning inventory of 120 units of Prod
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Description: Cullumber Company Inc. had a beginning inventory of 120 units of Product RST at a cost of $7 per unit. During the year, purchaseswere:630 units at$8May 5 535 units at $9Feb. 20(a)Aug. 12Dec. 8Determine the cost of goods available for sale.Cullumber

Solution: Cost of Goods available for sale can be determined by adding Cost of beginning…

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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

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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