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A company uses a weighted-average perpetual inventory system. The following transactions took place during the month of November: November 1 November 12 November 14 November 24 What is the per-unit value of ending inventory on November 30 if this company uses a weighted-average perpetual inventory system? (Round each per unit cost to 2 decimal places.) Multiple Choice $13.00 5 units were purchased at $6.00 per unit 10 units were purchased at $7.50 per unit 7 units were sold for $14.00 per unit. 12 units were purchased at $10.00 per unit $7.00 $8.80

A company uses a weighted-average perpetual inventory system. The following transactions took place during the month of November: November 1 November 12 November 14 November 24 What is the per-unit value of ending inventory on November 30 if this company uses a weighted-average perpetual inventory system? (Round each per unit cost to 2 decimal places.) Multiple Choice $13.00 5 units were purchased at $6.00 per unit 10 units were purchased at $7.50 per unit 7 units were sold for $14.00 per unit. 12 units were purchased at $10.00 per unit $7.00 $8.80

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter7: Inventories: Cost Measurement And Flow Assumptions
Section: Chapter Questions
Problem 12RE: Carla Company uses the perpetual inventory system. The following information is available for...
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A company uses a weighted-average perpetual inventory system. The following transactions took place during the month of November: November 1 November 12 November 14 November 24 What is the per-unit value of ending inventory on November 30 if this company uses a weighted-average perpetual inventory system? (Round each per unit cost to 2 decimal places.) Multiple Choice $13.00 5 units were purchased at $6.00 per unit 10 units were purchased at $7.50 per unit 7 units were sold for $14.00 per unit. 12 units were purchased at $10.00 per unit $7.00 $8.80 $6.00
Transcribed Image Text:A company uses a weighted-average perpetual inventory system. The following transactions took place during the month of November: November 1 November 12 November 14 November 24 What is the per-unit value of ending inventory on November 30 if this company uses a weighted-average perpetual inventory system? (Round each per unit cost to 2 decimal places.) Multiple Choice $13.00 5 units were purchased at $6.00 per unit 10 units were purchased at $7.50 per unit 7 units were sold for $14.00 per unit. 12 units were purchased at $10.00 per unit $7.00 $8.80 $6.00
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