REI sells snowboards, Assume the following information relates to REI's purchases of snowboards during September. During the same month, 111 snowboards were sold. Date: Sept. 1 Sept. 12 Sept. 19 Sept. 26 Date Sept. 5 Explanation Units Unit Cost Inventory 14 $110 Purchases 49 113 Purchases 55 114 22 Sept. 16 Sept. 29 Purchases Totals Sale Sale Additional data regarding the company's sales of snowboards are provided below. Assume that REI uses a perpetual inventory system. Sale Totals Units 7 53 51 140 111 115 Total Cost $1,540 5,537 6,270 2,530 $15,877
REI sells snowboards, Assume the following information relates to REI's purchases of snowboards during September. During the same month, 111 snowboards were sold. Date: Sept. 1 Sept. 12 Sept. 19 Sept. 26 Date Sept. 5 Explanation Units Unit Cost Inventory 14 $110 Purchases 49 113 Purchases 55 114 22 Sept. 16 Sept. 29 Purchases Totals Sale Sale Additional data regarding the company's sales of snowboards are provided below. Assume that REI uses a perpetual inventory system. Sale Totals Units 7 53 51 140 111 115 Total Cost $1,540 5,537 6,270 2,530 $15,877
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:REI sells snowboards, Assume the following information relates to REI's purchases of snowboards during September. During the same
month, 111 snowboards were sold.
Date
Sept. 1
Sept. 12
Sept. 19
Sept. 26
Date
Explanation Units
Sept. 5
Sept. 16
Sept. 29
Inventory
Purchases
Purchases
Purchases
Totals
Sale.
Sale
Sale
Totals
Units
7
53
51
14
111
49
Additional data regarding the company's sales of snowboards are provided below. Assume that REI uses a perpetual inventory system.
55
22
140
Unit Cost
$110
113
114
115
Total Cost
$1,540
5,537
6,270
2,530
$15,877
Transcribed Image Text:Calculate the weighted-average unit cost. (Round answers to 3 decimal places, e.g. 5.125.)
September 1
September 5
$
$
September 12 $
LA
September 16 $
LA
September 19 $
GA
September 26 $
September 29 $
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