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What is the per-unit value of ending inventory on August

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Reference no: EM132562710

Question - Jammer Company uses a weighted average perpetual inventory system and reports the following:

August 2 Purchase 24 units at $18.50 per unit.

August 18 Purchase26 units at $20.00 per unit.

August 29 Sale 48 units.

August 31 Purchase29 units at $21.50 per unit.

What is the per-unit value of ending inventory on August 31?

a. $22.64

b. $21.50

c. $18.50

d. $19.28

e. $21.36

Reference no: EM132562710

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