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(Solution Download) Problem 6-9A Terando Co. began operations on July 1. It uses a perpetual inventory system. During Ju


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Problem 6-9A

 

Terando Co. began operations on July 1. It uses a perpetual

 

inventory system. During July, the company had the following

 

purchases and sales.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchases

 

 

Date

 

 

Units

 

 

Unit Cost

 

 

Sales Units

 

July1140$120
July6112
July11196$134
July1484
July21224$143
July27168

 

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Partially correct answer.Your answer is partially correct. Try again.

 

Calculate the average cost per unit at June 1, 6, 11, 14, 21 &

 

27. (Round answers to 3 decimal places, e.g.

 

$105.252.)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average cost for each unit

 

July1
July6
July11
July14
July21

 

Entry field with incorrect answer now contains modified data

 

July27

 

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Link to Text

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Incorrect answer.Your answer is incorrect. Try again.

 

Determine the ending inventory under a perpetual inventory system

 

using (1) FIFO, (2) moving-average cost, and (3) LIFO.

 

(Round answers to 0 decimal places, e.g.

 

$2,150.)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FIFO

 

 

MOVING-AVERAGE

 

 

LIFO

 

The ending inventory under a perpetual inventory system

 

$Entry field with incorrect answer

 

 

$Entry field with incorrect answer

 

 

$Entry field with incorrect answer

 

 

 

 

 


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