Oriole Company's record of transactions concerning part WA6 for the month of September was as f s as follows. Purchases September 1 (balance on hand) 3 (a1) 12 16 22 26 300 @ $13.00 200 @ 13.10 Average-cost per unit 300 @ 300 @ 500 @ 300 @ 13.40 13.25 13.30 13.30 Sales September 4 17 27 30 400 600 300 200 Calculate average-cost per unit. Assume that perpetual inventory records are kept in units only. (Round answer to 2 decimal pla e.g.2.76.)
Oriole Company's record of transactions concerning part WA6 for the month of September was as f s as follows. Purchases September 1 (balance on hand) 3 (a1) 12 16 22 26 300 @ $13.00 200 @ 13.10 Average-cost per unit 300 @ 300 @ 500 @ 300 @ 13.40 13.25 13.30 13.30 Sales September 4 17 27 30 400 600 300 200 Calculate average-cost per unit. Assume that perpetual inventory records are kept in units only. (Round answer to 2 decimal pla e.g.2.76.)
Chapter7: Accounting Information Systems
Section: Chapter Questions
Problem 17MC: Sold goods for $650, credit terms net 30 days. Which journal would the company use to record this...
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