Homework Answers
Correct option is B. 145 unit @$3.48
Explanation:
Under perpetual inventory method cost is to be calculated at the time of each sale:
90 units @$3 = $270
50 units @$2.50 = $125
Total cost = $395
Average cost = $395 / 140 units = $2.82
Sale = 25 units @$2.82 = $70.5
Remaining inventory balance = $395 - $70.5 = $324.5
Next purchase = 30 units @$6 = $180
Total cost of inventory = $324.5 + $180 = $504.5
Number of units = 145
Average cost = $504.5 / 145 = $3.48
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