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I need help calculatig these average unit costs.
. Your answer is partially correct. Calculate the average unit cost. (Round answers to 3 decimal places, eg. 5.125.) Septembe
Blossom Company sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Blos
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Answer #1

September 1:

Cost of goods available for sale = $1,495

Number of units available for sale = 13

Average cost per unit = Cost of goods available for sale / Number of units available for sale
Average cost per unit = $1,495 / 13
Average cost per unit = $115.000

September 5:

Cost of goods available for sale = $1,495

Number of units available for sale = 13

Average cost per unit = Cost of goods available for sale / Number of units available for sale
Average cost per unit = $1,495 / 13
Average cost per unit = $115.000

September 12:

Cost of goods available for sale = $1,495 - 8 * $115.00 + 45 * $118.00
Cost of goods available for sale = $5,885

Number of units available for sale = 13 - 8 + 45
Number of units available for sale = 50

Average cost per unit = Cost of goods available for sale / Number of units available for sale
Average cost per unit = $5,885 / 50
Average cost per unit = $117.700

September 16:

Cost of goods available for sale = $5,885

Number of units available for sale = 50

Average cost per unit = Cost of goods available for sale / Number of units available for sale
Average cost per unit = $5,885 / 50
Average cost per unit = $117.700

September 19:

Cost of goods available for sale = $5,885 - 49 * $117.700 + 49 * $119.00
Cost of goods available for sale = $5,948.70

Number of units available for sale = 50 - 49 + 49
Number of units available for sale = 50

Average cost per unit = Cost of goods available for sale / Number of units available for sale
Average cost per unit = $5,948.70 / 50
Average cost per unit = $118.974

September 26:

Cost of goods available for sale = $5,948.70 + 25 * $120.00
Cost of goods available for sale = $8,948.70

Number of units available for sale = 50 + 25
Number of units available for sale = 75

Average cost per unit = Cost of goods available for sale / Number of units available for sale
Average cost per unit = $8,948.70 / 75
Average cost per unit = $119.316

September 29:

Cost of goods available for sale = $8,948.70

Number of units available for sale = 75

Average cost per unit = Cost of goods available for sale / Number of units available for sale
Average cost per unit = $8,948.70 / 75
Average cost per unit = $119.316

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