Bonita Company's record of transactions concerning part X for the month of April was as follows.PurchasesApril 1 (balance on hand)4(a1)11182630280 @580Average-cost per unit $fel480 @380$5.906.00380 @ 6.30fel6.30780 @ 6.606.80SalesApril 51227284803801,160150Calculate average-cost per unit. Assume that perpetual inventory records are kept in units only. (Round answer to 4 decimal places,e.g. 2.7682.)

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Description: Bonita Company's record of transactions concerning part X for the month of April was as follows.PurchasesApril 1 (balance on hand)4(a1)11182630280 @580Average-cost per unit $fel480 @380$5.906.00380 @ 6.30fel6.30780 @ 6.606.80SalesApril 5122728480380

Perpetual inventory is one of the techniques of inventory management. It is the method under which…

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Bonita Company's record of transactions concerning part X for the month of April was as follows. Purchases April 1 (balance on hand) 4 (a1) 11 18 26 30 280 @ $5.90 6.00 Average-cost per unit $ 580 @ 480 @ 380 @ 780 @ 380 @ 6.80 6.30 6.30 6.60 Sales April 5 12 27 28 480 380 1,160 150 Calculate average-cost per unit. Assume that perpetual inventory records are kept in units only. (Round answer to 4 decimal places, eg. 2.7682.)

Bonita Company's record of transactions concerning part X for the month of April was as follows. Purchases April 1 (balance on hand) 4 (a1) 11 18 26 30 280 @ $5.90 6.00 Average-cost per unit $ 580 @ 480 @ 380 @ 780 @ 380 @ 6.80 6.30 6.30 6.60 Sales April 5 12 27 28 480 380 1,160 150 Calculate average-cost per unit. Assume that perpetual inventory records are kept in units only. (Round answer to 4 decimal places, eg. 2.7682.)

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 9RE: RE7-8 Johnson Company uses a perpetual inventory system. On October 23, Johnson purchased 100,000 of...

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