You have the following information for Bramble Inc for the month ended October 31, 2022. Bramble uses a periodic method for inventory. Date Description Units Unit Cost or Selling Price $23 Oct. 1 Oct. 9 Oct. 11 Oct. 17 Oct. 22 Oct. 25 Oct. 29 Beginning inventory 54 Purchase 132 25 Sale 108 34 Purchase 103 26 Sale 55 39 Purchase 65 28 Sale 121 39 (a1) Calculate the weighted-average cost. (Round answer to 3 decimal places, eg. 5.125.) Weighted-average cost per unit %24
You have the following information for Bramble Inc for the month ended October 31, 2022. Bramble uses a periodic method for inventory. Date Description Units Unit Cost or Selling Price $23 Oct. 1 Oct. 9 Oct. 11 Oct. 17 Oct. 22 Oct. 25 Oct. 29 Beginning inventory 54 Purchase 132 25 Sale 108 34 Purchase 103 26 Sale 55 39 Purchase 65 28 Sale 121 39 (a1) Calculate the weighted-average cost. (Round answer to 3 decimal places, eg. 5.125.) Weighted-average cost per unit %24
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter6: Cost Of Goods Sold And Inventory
Section: Chapter Questions
Problem 6MCQ: Refer to the information for Morgan Inc. above. If Morgan uses a perpetual inventory system, what is...
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![You have the following information for Bramble Inc. for the month ended October 31, 2022. Bramble uses a periodic method for
inventory.
Date
Description
Units
Unit Cost or Selling Price
Oct. 1
Oct. 9
Beginning inventory
54
$23
Purchase
132
25
Oct. 11
Sale
108
34
Oct. 17
Purchase
103
26
Oct. 22
Sale
55
39
Oct. 25
Purchase
65
28
Oct. 29
Sale
121
39
(a1)
Calculate the weighted-average cost. (Round answer to 3 decimal places, eg. 5.125.)
Weighted-average cost per unit
$](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2d32c7d5-385e-4be2-86c3-eb98cb0d726e%2F4e91cc70-495a-4cee-81bb-b24a1991ec4e%2Fl93vi95_processed.png&w=3840&q=75)
Transcribed Image Text:You have the following information for Bramble Inc. for the month ended October 31, 2022. Bramble uses a periodic method for
inventory.
Date
Description
Units
Unit Cost or Selling Price
Oct. 1
Oct. 9
Beginning inventory
54
$23
Purchase
132
25
Oct. 11
Sale
108
34
Oct. 17
Purchase
103
26
Oct. 22
Sale
55
39
Oct. 25
Purchase
65
28
Oct. 29
Sale
121
39
(a1)
Calculate the weighted-average cost. (Round answer to 3 decimal places, eg. 5.125.)
Weighted-average cost per unit
$
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