Jammer Company uses a weighted average perpetual inventory system and reports the following: August 2Purchase17 units at $15.00 per unit.August 18Purchase19 units at $13.00 per unit.August 29Sale34 units.August 31Purchase22 units at $18.00 per unit.What is the per-unit value of ending inventory on August 31? (Round your per unit answers to 2 decimal places.)
A. $17.66
B. $18.00
C. $19.14
D. $15.00
E. $13.94
Answer: A
You might also like to view...
Landon realizes he needs to deliver bad news to his boss. He is nervous, because he worries that his boss will blame him for the bad news. Which of the following courses of action should Landon take in sharing the news?
A. deliver the bad news via e-mail B. deliver the bad news by phone C. deliver the bad news face-to-face D. deliver the bad news via a negative tone
An important reason to use a work sheet is to
a. aid the accountant in the daily preparation of journal entries. b. replace the journal when making adjusting and closing entries. c. check the accuracy of adjusting entries before they are entered formally into the accounting records. d. accompany the financial statements in the company's annual report.
How has the role of unions changed over the years in the U.S.? Why?
What will be an ideal response?
Which of the following is NOT a technique when paraphrasing another writer's ideas?
a. Record the text verbatim; then replace keywords with your words. b. Use only as much of the text as you need to make your point. c. If you use a string longer than six words, put quotation marks around it. d. Never copy and paste text from a website into a report.