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Jammer Company uses a weighted average perpetual inventory system and reports the following: August 2 Purchase 18 units at $15.50 per unit. August 18 Purchase 20 units at $14.00 per unit. August 29 Sale 36 units. August 31 Purchase 23 units at $18.50 per unit. What is the per-unit value of ending inventory on August 31

Respuesta :

Answer:

the per unit value is $18.20

Explanation:

The computation of the per unit value of ending inventory is shown below:

On Aug 2   18 units at $15.50        $279

On Aug 18  20 units at $14             $280

Total            38 units     $14.71        $559

On Aug 29

Sales units    -36 units     $14.71        -$529.58

Balance          2 units       $14.71        $29.42

On Aug 23     23 units     $18.50       $425.50

Oustanding    25 units     $18.20       $454.92

hence, the per unit value is $18.20

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