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What was the unit average cost of the January 1 inventory? * The following are the sales and purchases of Jungkook Company: Unit Price P15 Units January Sales January purchases: January 4 10 300,000 38,000 42,500 50,200 49,000 8.20 8.50 8.10 8.40 16 24 At the end of the month, 60,000 units were on hand. Jungkook's gross profit on sale for January wne P1.200 800. The company uses a neriodic FIFO inventorv costina svetam. O 12.81 O 18.90 O 11.98 O 17.61

What was the unit average cost of the January 1 inventory? * The following are the sales and purchases of Jungkook Company: Unit Price P15 Units January Sales January purchases: January 4 10 300,000 38,000 42,500 50,200 49,000 8.20 8.50 8.10 8.40 16 24 At the end of the month, 60,000 units were on hand. Jungkook's gross profit on sale for January wne P1.200 800. The company uses a neriodic FIFO inventorv costina svetam. O 12.81 O 18.90 O 11.98 O 17.61

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 2RE: On January 1, Pope Enterprises inventory was 625,000. Pope made 950,000 of net purchases during the...
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What was the unit average cost of the January 1 inventory? * The following are the sales and purchases of Jungkook Company: Units Unit Price January Sales January purchases: January 4 10 300,000 P15 38,000 42,500 50,200 49,000 8.20 8.50 16 24 8.10 8.40 At the end of the month, 60,000 units were on hand. Jungkook's gross profit on sale for January was P1.200.800. The company uses a neriodic FIFO invantorv costina svetam. 12.81 18.90 11.98 17.61
Transcribed Image Text:What was the unit average cost of the January 1 inventory? * The following are the sales and purchases of Jungkook Company: Units Unit Price January Sales January purchases: January 4 10 300,000 P15 38,000 42,500 50,200 49,000 8.20 8.50 16 24 8.10 8.40 At the end of the month, 60,000 units were on hand. Jungkook's gross profit on sale for January was P1.200.800. The company uses a neriodic FIFO invantorv costina svetam. 12.81 18.90 11.98 17.61
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