FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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John had 150 units in inventory costing $5,700 on December 1st, 2020. During the month of December, John engaged in the following purchase transactions:

 

Transaction

Date

Units

Total Costs

Unit Selling Price

Purchase

Dec. 10, 2020

600

     $24,000

 

Sales

Dec. 18, 2020

450

 

     $90

Purchase

Dec. 22, 2020

200

     $8,400

 

Sales

Dec. 30, 2020

260

 

     $90

 

Assume John uses the perpetual weighted average inventory pricing method. What is the weighted average unit price for the Cost of Goods Sold on the December 30th sale?

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