Splish Brothers Inc. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Date July 1 July 6 July 11 July 14 July 21 July 27 Purchases Units 7 Unit Cost $68 $73 $78 Sales Units. 3 3

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Splish Brothers Inc. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following
purchases and sales.
Date
July 1
July 6
July 11
July 14
July 21
July 27
Purchases
Units
7
Unit Cost
$68
$73
$78
Sales Units.
3
3
Transcribed Image Text:Splish Brothers Inc. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Date July 1 July 6 July 11 July 14 July 21 July 27 Purchases Units 7 Unit Cost $68 $73 $78 Sales Units. 3 3
Calculate average cost for each unit. (For calculation and answers purpose round unit costs to 3 decimal places, e.g.
15.125.)
July 1
July 6
July 11
July 14
July 21
July 27
$
$
$
VA
$
$
$
Transcribed Image Text:Calculate average cost for each unit. (For calculation and answers purpose round unit costs to 3 decimal places, e.g. 15.125.) July 1 July 6 July 11 July 14 July 21 July 27 $ $ $ VA $ $ $
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