Calculate the average unit cost for the inventory table shown below. Cost per Total Retail price Units purchased unit cost per unit 42 $850 $35,700 20 $1,770 $35,400 16 $965 $15,440 27 $490 $13,230 $99,770 Date of purchase Beginning inventory February 5 February 19 March 3 Goods available for sale Units sold Ending inventory 105 82 23 (Round to the nearest cent as needed.) $985 $2,105 $2,006 $590 Total retail value $41,370 $42,100 $32,096 $15,930 $131,496

Calculate the average unit cost for the inventory table shown below. Cost per Total Retail price Units purchased unit cost per unit 42 $850 $35,700 20 $1,770 $35,400 16 $965 $15,440 27 $490 $13,230 $99,770 Date of purchase Beginning inventory February 5 February 19 March 3 Goods available for sale Units sold Ending inventory 105 82 23 (Round to the nearest cent as needed.) $985 $2,105 $2,006 $590 Total retail value $41,370 $42,100 $32,096 $15,930 $131,496

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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