Some of the information found on a detail inventory card for Buffalo Inc. for the first...
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Homework Answers
| Units available for sale | cost pu | Cost of goods available for sale | |
| Jan 2 | 1600 | $5.10 | $8160 |
| Jan 10 | 1000 | $5.44 | $5440 |
| Jan 18 | 1400 | $5.61 | $7854 |
| Jan 23 | 1700 | $5.78 | $9826 |
| Jan 28 | 2000 | $5.95 | $11900 |
| 7700 | $43180 |
Average cost per unit = Cost of goods available for sale/Units available for sale
= $43180/7700 = $5.61
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