Oriole Company Inc. had a beginning inventory of 105 units of Product RST at a cost of $7 per unit. During the year, purchases were: Feb. 20 595 units May 5 500 units at $8 at $9 Aug. 12 410 units at $10 Dec. 8 100 units at $11 Oriole Company uses a periodic inventory system. Sales totaled 1,485 units. (a) Your answer is correct. Determine the cost of goods available for sale. The cost of goods available for sale $ 15,195 (b1) eTextbook and Media Calculate average cost per unit. (Round answer to 3 decimal places, e.g. 2.237.) Average cost per unit $ Attempts: 1 of 3 used

Oriole Company Inc. had a beginning inventory of 105 units of Product RST at a cost of $7 per unit. During the year, purchases were: Feb. 20 595 units May 5 500 units at $8 at $9 Aug. 12 410 units at $10 Dec. 8 100 units at $11 Oriole Company uses a periodic inventory system. Sales totaled 1,485 units. (a) Your answer is correct. Determine the cost of goods available for sale. The cost of goods available for sale $ 15,195 (b1) eTextbook and Media Calculate average cost per unit. (Round answer to 3 decimal places, e.g. 2.237.) Average cost per unit $ Attempts: 1 of 3 used

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter7: Inventories: Cost Measurement And Flow Assumptions

Section: Chapter Questions

Problem 8P: Comprehensive The following information for 2019 is available for Marino Company: 1. The beginning...

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