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Sekhon Company had a beginning inventory on January 1 of 160 units of Product 4-18-15 at a cost of $20 per unit. During the year, purchases were as follows. Mar. 15 400 units at 523 Sept 4 330 units at $26 250 units $24 Dec. 2 100 units at Sekhon Company uses a periodic inventory system. Sales totaled 1,000 units.

Sekhon Company had a beginning inventory on January 1 of 160 units of Product 4-18-15 at a cost of $20 per unit. During the year, purchases were as follows. Mar. 15 400 units at 523 Sept 4 330 units at $26 250 units $24 Dec. 2 100 units at Sekhon Company uses a periodic inventory system. Sales totaled 1,000 units.

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 3RE: Reid Company uses the periodic inventory system. On January 1, it had an inventory balance of...
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Show Attempt History Current Attempt in Progress Sekhon Company had a beginning inventory on January 1 of 160 units of Product 4-18-15 at a cost of $20 per unit. During the year, purchases were as follows. at Sep: 4 330 units at $28 250 units $24 100 units at $29 Sexhon Company uses a periodic inventory system. Sales totaled 1,000 units. your answer is correct. Determine the cost of goods available for sale.
Transcribed Image Text:Show Attempt History Current Attempt in Progress Sekhon Company had a beginning inventory on January 1 of 160 units of Product 4-18-15 at a cost of $20 per unit. During the year, purchases were as follows. at Sep: 4 330 units at $28 250 units $24 100 units at $29 Sexhon Company uses a periodic inventory system. Sales totaled 1,000 units. your answer is correct. Determine the cost of goods available for sale.
Attempts: 1 of 3 used Submit Answer (b1) Calculate average cost per unit. (Round answer to 3 decimal places, e.g. 1.250.) Average cost per unit Attempts: 0 of 3 used (b2) The parts of this question must be completed in order. This part will be available when you complete the part above.
Transcribed Image Text:Attempts: 1 of 3 used Submit Answer (b1) Calculate average cost per unit. (Round answer to 3 decimal places, e.g. 1.250.) Average cost per unit Attempts: 0 of 3 used (b2) The parts of this question must be completed in order. This part will be available when you complete the part above.
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