Dexter Warehouse Had Inventory of $200 on June 1 $\$ 2,000$

question 97

Essay

Dexter Warehouse had inventory of $200 on June 1.The company had the following transactions during June.
June 2 Turchmeded inventory on account for $\$ 2,000$ , terms $2 / 10 , n/ 30 .$
June 3 Returned $\$ 350$ worth of inventcay from the june 2 purchese.
June 9 Paid the appropriate amount for the inventory purchased on June 2 Prepare the appropriate journal entry for each of the above transactions assuming Dexter Warehouse uses a perpetual inventory system.

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Definitions:

AVC

Average Variable Cost is the per-unit variable cost of production, which changes with the level of output.

Average Variable Cost

The cost per unit of output that varies directly with the volume of production, excluding fixed costs.

Average Total Cost

The sum expenses incurred in manufacturing, divided by the total units of production.

Total Fixed Costs

The sum of all costs that do not change with the level of output produced, such as rent or salaries.