Sunland Company uses a perpetual inventory system and reports the following for the month of June.DateJune 1122330(a1)Explanation UnitsInventoryPurchaseJune 1PurchaseInventoryJune 12$140$360220270Unit Cost$5-67Calculate the weighted average cost per unit, using a perpetual inventory system. Assume a sale of 400 units occurred on June 15for a selling price of $7 and a sale of 50 units on June 27 for $8. (Round intermediate calculations to O decimal places, eg 152 and finalanswers to 3 decimal places, eg. 5.125.)8Total Cost$7002,1601,540

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Description: Sunland Company uses a perpetual inventory system and reports the following for the month of June.DateJune 1122330(a1)Explanation UnitsInventoryPurchaseJune 1PurchaseInventoryJune 12$140$360220270Unit Cost$5-67Calculate the weighted average cost per

Sunland Company Use A Perpetual Inventory System And Report The Following For The Month Of June .…

Answered: Date June 1 12 23 30 Explanation…

Business

Accounting

Date June 1 12 23 30 Explanation Inventory Purchase Purchase. Inventory Units Unit Cost $5 140 360 220 270 7 Total Cost $700 2,160 1,540

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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