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What was the unit average cost of the January 1 inventory? * The following are the sales and purchases of Jungkook Company: Unit Price P15 Units January Sales January purchases: January 4 10 300,000 38,000 42,500 50,200 49,000 8.20 8.50 8.10 8.40 16 24 At the end of the month, 60,000 units were on hand. Jungkook's gross profit on sale for January wne P1.200 800. The company uses a neriodic FIFO inventorv costina svetam. O 12.81 O 18.90 O 11.98 O 17.61

What was the unit average cost of the January 1 inventory? * The following are the sales and purchases of Jungkook Company: Unit Price P15 Units January Sales January purchases: January 4 10 300,000 38,000 42,500 50,200 49,000 8.20 8.50 8.10 8.40 16 24 At the end of the month, 60,000 units were on hand. Jungkook's gross profit on sale for January wne P1.200 800. The company uses a neriodic FIFO inventorv costina svetam. O 12.81 O 18.90 O 11.98 O 17.61

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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What was the unit average cost of the January 1 inventory? * The following are the sales and purchases of Jungkook Company: Units Unit Price January Sales January purchases: January 4 10 300,000 P15 38,000 42,500 50,200 49,000 8.20 8.50 16 24 8.10 8.40 At the end of the month, 60,000 units were on hand. Jungkook's gross profit on sale for January was P1.200.800. The company uses a neriodic FIFO invantorv costina svetam. 12.81 18.90 11.98 17.61
Transcribed Image Text:What was the unit average cost of the January 1 inventory? * The following are the sales and purchases of Jungkook Company: Units Unit Price January Sales January purchases: January 4 10 300,000 P15 38,000 42,500 50,200 49,000 8.20 8.50 16 24 8.10 8.40 At the end of the month, 60,000 units were on hand. Jungkook's gross profit on sale for January was P1.200.800. The company uses a neriodic FIFO invantorv costina svetam. 12.81 18.90 11.98 17.61
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