Jammer Company uses a weighted average perpetual inventory system and reports the following: $$\begin{array} { | l | l | l | }
\hline \text { August 2 } & \text { Purchase } & 10 \text { units at } \$ 12 \text { per unit. } \
\hline \text { August 18 } & \text { Purchase } & 15 \text { units at } \$ 15 \text { per unit. } \
\hline \text { August 29 } & \text { Sale } & 20 \text { units. } \
\hline \text { August 31 } & \text { Purchase } & 14 \text { units at } \$ 16 \text { per unit. } \
\hline
\end{array}$$ What is the per-unit value of ending inventory on August 31?

Question

Jammer Company uses a weighted average perpetual inventory system and reports the following: $$\begin{array} { | l | l | l | } 
\hline \text { August 2 } & \text { Purchase } & 10 \text { units at } \$ 12 \text { per unit. } \
\hline \text { August 18 } & \text { Purchase } & 15 \text { units at } \$ 15 \text { per unit. } \
\hline \text { August 29 } & \text { Sale } & 20 \text { units. } \
\hline \text { August 31 } & \text { Purchase } & 14 \text { units at } \$ 16 \text { per unit. } \
\hline
\end{array}$$ What is the per-unit value of ending inventory on August 31?

Quizplus · Accepted Answer

The Answer of Jammer Company uses a weighted average perpetual inventory system and reports the following: $$\begin{array} { | l | l | l | } 
\hline \text { August 2 } & \text { Purchase } & 10 \text { units at } \$ 12 \text { per unit. } \
\hline \text { August 18 } & \text { Purchase } & 15 \text { units at } \$ 15 \text { per unit. } \
\hline \text { August 29 } & \text { Sale } & 20 \text { units. } \
\hline \text { August 31 } & \text { Purchase } & 14 \text { units at } \$ 16 \text { per unit. } \
\hline
\end{array}$$ What is the per-unit value of ending inventory on August 31?

Jammer Company Uses a Weighted Average Perpetual Inventory System and Reports