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annoe Company uses a periodic inventory system and reports the following for the month of Jun Date Explanation Units Unit Cost Total Cost une 1 Inventory 120 $5 $600 12 28 Purchase 390 6 2,340 23 Purchase 210 7 1,470 30 Inventory 220

annoe Company uses a periodic inventory system and reports the following for the month of Jun Date Explanation Units Unit Cost Total Cost une 1 Inventory 120 $5 $600 12 28 Purchase 390 6 2,340 23 Purchase 210 7 1,470 30 Inventory 220

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 11E: Alternative Inventory Methods Nevens Company uses a periodic inventory system. During November, the...
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Ivanhoe Company uses a periodic inventory system and reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 120 $5 $ 600 12 Purchase 390 6 2,340 33 23 Purchase 210 7 1,470 30 Inventory 220 (a1) Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average unit cost $
Transcribed Image Text:Ivanhoe Company uses a periodic inventory system and reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 120 $5 $ 600 12 Purchase 390 6 2,340 33 23 Purchase 210 7 1,470 30 Inventory 220 (a1) Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average unit cost $
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