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