You are provided with the following information for Bonita Inc. for the month ended June 30, 2020. Bonita uses the periodic method for inventory. Unit Cost or Date Description Quantity Selling Price June 1 Beginning inventory 41 $39 June 4 Purchase 138 42 June 10 Sale 113 73 June 11 Sale return 13 73 June 18 Purchase 52 45 June 18 Purchase return 45 June 25 Sale 62 79 June 28 Purchase 33 50 (a1) Calculate cost per unit. (Round answer to 2 decimal places, e.g. 5.25.) Weighted-average cost per unit $

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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You are provided with the following information for Bonita Inc. for the month ended June 30,
2020. Bonita uses the periodic method for inventory.
Unit Cost or
Date
Description
Quantity
Selling Price
June
1
Beginning inventory
41
$39
June
4
Purchase
138
42
June
10
Sale
113
73
June
11
Sale return
13
73
June
18
Purchase
52
45
June
18
Purchase return
8
45
June
25
Sale
62
79
June
28
Purchase
33
50
(a1)
Calculate cost per unit. (Round answer to 2 decimal places, e.g. 5.25.)
Weighted-average cost per unit
%24
Transcribed Image Text:You are provided with the following information for Bonita Inc. for the month ended June 30, 2020. Bonita uses the periodic method for inventory. Unit Cost or Date Description Quantity Selling Price June 1 Beginning inventory 41 $39 June 4 Purchase 138 42 June 10 Sale 113 73 June 11 Sale return 13 73 June 18 Purchase 52 45 June 18 Purchase return 8 45 June 25 Sale 62 79 June 28 Purchase 33 50 (a1) Calculate cost per unit. (Round answer to 2 decimal places, e.g. 5.25.) Weighted-average cost per unit %24
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