Calculate the average unit cost for the inventory table shown below. Cost per Total cost Date of purchase Beginning inventory February 5 February 19 March 3 Goods available for sale Units sold Ending inventory Units purchased 40 23 17 30 110 81 29 unit $860 $34,400 $1,760 $40,480 $965 $16,405 $470 $14,100 $105,385 (Round to the nearest cent as needed.) Retail price per unit $975 $2,125 $2,006 $600 Total retail value $39,000 $48,875 $34,102 $18,000 $139,977

Calculate the average unit cost for the inventory table shown below. Cost per Total cost Date of purchase Beginning inventory February 5 February 19 March 3 Goods available for sale Units sold Ending inventory Units purchased 40 23 17 30 110 81 29 unit $860 $34,400 $1,760 $40,480 $965 $16,405 $470 $14,100 $105,385 (Round to the nearest cent as needed.) Retail price per unit $975 $2,125 $2,006 $600 Total retail value $39,000 $48,875 $34,102 $18,000 $139,977

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter6: Cost Of Goods Sold And Inventory

Section: Chapter Questions

Problem 24CE: Inventory Costing: Average Cost Refer to the information for Filimonov Inc. and assume that the...

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