Celine Company provided the following data relating to an inventory item. Date Units Unit Cost Total cost Jan. 1 Beginning balance 5,000 200 1,000,000 10 Purchase 5,000 7,000 1,000 250 1,250,000 15 Sale 16 Sale return 30 Purchase 16,000 2,000 150 2,400,000 300,000 31 Purchase return 150 Under the perpetual system, what is the moving average unit cost January 31?
Celine Company provided the following data relating to an inventory item. Date Units Unit Cost Total cost Jan. 1 Beginning balance 5,000 200 1,000,000 10 Purchase 5,000 7,000 1,000 250 1,250,000 15 Sale 16 Sale return 30 Purchase 16,000 2,000 150 2,400,000 300,000 31 Purchase return 150 Under the perpetual system, what is the moving average unit cost January 31?
Chapter10: Inventory
Section: Chapter Questions
Problem 5EB: Bleistine Company had the following transactions for the month. Calculate the ending inventory...
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