ABC Corporation begins the month of April with 1,200 units of inventory recorded at total historical cost of $12,600. During the month, the company purchases 8,200 additional units for total acquisition cost of $94,710. What is the average cost per unit of inventory available for sale in April? O a. $10.500 O b.$11.550 Oc. $11.416 O d.$13.087

ABC Corporation begins the month of April with 1,200 units of inventory recorded at total historical cost of $12,600. During the month, the company purchases 8,200 additional units for total acquisition cost of $94,710. What is the average cost per unit of inventory available for sale in April? O a. $10.500 O b.$11.550 Oc. $11.416 O d.$13.087

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

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 3RE: Shaquille Corporation began the current year with inventory of 50,000. During the year, its...

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