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Question - Teal Mountain Inc. reports the following for the month of June.
Date
Explanation
Units
Unit Cost
Total Cost
June 1
Inventory
121
$5
$605
June 12
Purchases
371
6
2,226
June 23
182
7
1,274
June 30
242
A sale of 382 units occurred on June 15 for a selling price of $7 and a sale of 50 units on June 27 for $8.
Calculate the average cost per unit, using a perpetual inventory system.
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