Barton Company began business on July 1, 2022 and made the following four inventory purchases in July: Units Unit Total Purchased Cost Cost July 1 150 units $5.20 $ 780 July 10 200 units $5.85 1,170 July 15 250 units $6.40 1,600 July 28 400 units $6.60 2,640 $6,190 A physical count of inventory on July 31 reveals that there are 600 units on hand. Use the Average Cost method to calculate July’s cost of Cost of Goods Sold. (Round your average cost per unit to two decimal places. Include two decimal places in your final answer. Do not include a $ sign.)
Barton Company began business on July 1, 2022 and made the following four inventory purchases in July:
Units Unit Total
Purchased Cost Cost
July 1 150 units $5.20 $ 780
July 10 200 units $5.85 1,170
July 15 250 units $6.40 1,600
July 28 400 units $6.60 2,640
$6,190
A physical count of inventory on July 31 reveals that there are 600 units on hand. Use the Average Cost method to calculate July’s cost of Cost of Goods Sold. (Round your average cost per unit to two decimal places. Include two decimal places in your final answer. Do not include a $ sign.)
Barton Company began business on July 1, 2022 and made the following four inventory purchases in July:
Units Unit Total
Purchased Cost Cost
July 1 150 units $5.20 $ 780
July 10 200 units $5.85 1,170
July 15 250 units $6.40 1,600
July 28 400 units $6.60 2,640
$6,190
A physical count of inventory on July 31 reveals that there are 600 units on hand. Use the Average Cost method to calculate July’s cost of Cost of Goods Sold. (Round your average cost per unit to two decimal places. Include two decimal places in your final answer. Do not include a $ sign.)
Step by step
Solved in 2 steps with 2 images
