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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

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