Jammer Company uses a weighted average perpetual inventory system and reports the following: ...
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Accounting
Jammer 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 @ $23 = $230 | |
| August 18 | Purchase | 15 units @ $26 = $390 | |
| August 29 | Sales | 20 units sold | |
| August 31 | Purchase | 14 units @ $27 = $378 |
What is the per unit value of ending inventory on August 31? Answers should be rounded to the nearest cent.
$26.42
$27.00
$28.38
$24.80
$23.00
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