Please do not give solution in image format thanku Cullumber Company had the following transactions for the month of June:June 1371522Purchases(balance) 3300 @ $3.308780@3.204850@ 3.407220@ 3.502060@ 3.60June 2O $17554O $18517.O $18144.O $18397.69101825Sales2390@ $5.406500 @5.403960@ 5.401670@7.005520@ 7.00770@7.00Assuming that perpetual inventory records are kept in units only, the ending inventory on an average-cost basis, is (Round average costper unit to 2 decimal places, eg. 1.48)

Perpetual record in units means the record maintained on daily basis but in units only. This means…

Cullumber Company had the following transactions for the month of June: June 1 3 7 15 22 Purchases (balance) 3300 @ $3.30 8780@ O $17554 O $18517. O $18144. O $18397. 4850@ 7220@ 2060@ 3.20 3.40 3.50 3.60 June 2 6 9 10 18 25 Sales 2390@ $5.40 6500 5.40 3960@ 5:40 1670@ 7.00 5520@ 7.00 770@ 7.00 Assuming that perpetual inventory records are kept in units only, the ending inventory on an average-cost basis, is (Round average cost per unit to 2 decimal places, eg. 1.48)

Cullumber Company had the following transactions for the month of June: June 1 3 7 15 22 Purchases (balance) 3300 @ $3.30 8780@ O $17554 O $18517. O $18144. O $18397. 4850@ 7220@ 2060@ 3.20 3.40 3.50 3.60 June 2 6 9 10 18 25 Sales 2390@ $5.40 6500 5.40 3960@ 5:40 1670@ 7.00 5520@ 7.00 770@ 7.00 Assuming that perpetual inventory records are kept in units only, the ending inventory on an average-cost basis, is (Round average cost per unit to 2 decimal places, eg. 1.48)

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 44E: Whalen Company had net sales of 125,500,250,000. Whalen had the following balances: Required: Note:...

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