Crowdly
Add to Chrome
Jambot Company uses a weighted average perpetual inventory system and reports ...
✅ The verified answer to this question is available below. Our community-reviewed solutions help you understand the material better.
Jambot Company uses a weighted average perpetual inventory system and reports the following:
| Date | Activities | Units Acquired at Cost | Units Sold at Retail |
|---|---|---|---|
| August 2 | Purchase | 10 units @ $21 = $210 | |
| August 18 | Purchase | 15 units @ $24 = $360 | |
| August 29 | Sales | 20 units sold | |
| August 31 | Purchase | 14 units @ $25 = $350 |
What is the per unit value of ending inventory on August 31? Answers should be rounded to the nearest cent.
0%
0%
0%
0%
100%