Assume that J-Mart uses a perpetual weighted average Inventory system. During the period, It had two sales.

Assume that J-Mart uses a perpetual weighted average Inventory system. During the period, It had
two sales. calculate the average cost per unit on hand as of June 8 when It made its first sale.
Jun 1 Beginning: Inventory
Jun5 Purchase
Jun8 Sale
Jun 28 Purchase
Jun 30 Sale
10@$12
10@$15
6 units
10@$18
8 units


$13.50/unit
$15/unlt
$10/unlt
$33/unlt



Assume that Q-Mart uses a periodic LIFO inventory system. During the period, it sold 14 units.
Calculate the dollar value of its cost of goods sold for the period.
Jan.1 Beginning Inventory
Jan. 5 Purchase
Jan. 30 Purchase
Feb.8 Sale
10@$12

10@$15

10@$18

14 units



$150
$180
$210
$240