Wildhorse Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales.
July | 1 | 5 | $166 | ||||
July | 6 | 3 | |||||
July | 11 | 6 | $180 | ||||
July | 14 | 5 | |||||
July | 21 | 7 | $191 | ||||
July | 27 | 5 |
Calculate the average cost per unit at July 1, 6, 11, 14, 21 & 27. (Round answers to 2 decimal places, e.g. $105.50.)
July1
$
July6
$
July11
$
July 14
$
July21
$
July27
$
Calculate average cost per unit
Date | Average cost per unit |
July 1 | 166 |
July 6 | 166 |
July 11 | (2*166+6*180)/8 = 176.50 |
July 14 | 176.50 |
July 21 | (7*191+3*176.50)/10 = 186.65 |
July 27 | 186.65 |
Wildhorse Co. began operations on July 1. It uses a perpetual inventory system. During July, the...
Wildhorse Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Purchases Date Units Unit Cost Sales Units July 1 5 $166 July 6 3 July 11 6 $180 July 14 5 July 21 7 $191 July 27 5 (a1) Correct answer iconYour answer is correct. Calculate the average cost per unit at July 1, 6, 11, 14, 21 & 27. (Round answers to 2 decimal places, e.g....
Wildhorse Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Purchases Date Units Unit Cost Sales Units July 1 5 $166 July 6 3 July 11 6 $180 July 14 5 July 21 7 $191 July 27 5 Calculate the average cost per unit at July 1, 6, 11, 14, 21 & 27. (Round answers to 2 decimal places, e.g. $105.50.) Average cost for each unit July...
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