FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Jammer Company uses a weighted average perpetual inventory system and reports the following:
Units Acquired at Cost
10 units @ $26 = $260
15 units @ $29 = $435
Date
Activities
Units Sold at Retail
August 2
August 18
Purchase
еВook
Purchase
References
August 29
Sales
20 units sold
August 31
Purchase
14 units @ $30 = $420
What is the per unit value of ending inventory on August 31? Answers should be rounded to the nearest cent.
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