Answer:
Average unit cost | $9.12 |
Total cost o Ending inventory | $2,280 |
Calculations:
i.Average unit cost:
No. | Units | x | Cost per unit | = | Total cost |
1 | 350 | x | $8 | = | $2,800 |
2 | 400 | x | $9 | = | $3,600 |
3 | 500 | x | $10 | = | $5,000 |
1250 | $11,400 |
Average unit cost = $11,400/1,250 = $9.12
ii. Total cost of Ending inventory:
Total cost of Ending inventory = Ending inventory x Average unit cost
= 250 units x $9.12
=$2,280
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