Some of the information found on a detail inventory card for
Tamarisk Inc. for the first month of
operations is as follows.
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Calculate average-cost per unit. (Round answer to 2 decimal places, e.g. 2.76.)
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Homework Answers
Average cost per unit = Total cost/Total Units
= (1300*4.38+700*4.67+1100*4.82+1400*4.96+1700*5.11)/(1300+700+1100+1400+1700)
= 29896/6200
= $4.8219 per unit
i.e. $4.82 per unit
Add Answer to:
Some of the information found on a detail inventory card for
Tamarisk Inc. for the first...
Some of the information found on a detail inventory card for Tamarisk Inc. for the first month of operations is as follo...
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Received
Date
No. of Units
Unit Cost
Issued,
No. of Units
Balance,
No. of Units
January 2
1,600
$5.10
1,600
7
1,100
500
10
1,000
5.44
1,500
13
900
600
18
1,400
5.61
700
1,300
20
1,100
200
23
1,700
5.78
1,900
26
1,200
700
28
2,000
5.95
2,700
31
1,700
1,000
Calculate average-cost per unit. (Round answer...
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Some of the information found on a detail inventory card for Ayayai Inc. for the first...
Some of the information found on a detail inventory card for
Ayayai Inc. for the first month of operations is as
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Received
Date
No. of Units
Unit Cost
Issued,
No. of Units
Balance,
No. of Units
January 2
1,600
$3.75
1,600
7
1,100
500
10
1,000
4.00
1,500
13
900
600
18
1,400
4.13
700
1,300
20
1,100
200
23
1,700
4.25
1,900
26
1,200
700
28
2,000
4.38
2,700
31
1,700
1,000
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follows.
Received
Date
No. of Units
Unit Cost
Issued,
No. of Units
Balance,
No. of Units
January 2
1,700
$4.74
1,700
7
1,200
500
10
1,100
5.06
1,600
13
1,000
600
18
1,500
5.21
800
1,300
20
1,100
200
23
1,800
5.37
2,000
26
1,300
700
28
2,100
5.53
2,800
31
1,800
1,000
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Some of the information found on a detail inventory card for
Buffalo Inc. for the first month of operations is as follows.
Received
Date
No. of Units
Unit Cost
Issued,
No. of Units
Balance,
No. of Units
January 2
1,600
$5.10
1,600
7
1,100
500
10
1,000
5.44
1,500
13
900
600
18
1,400
5.61
700
1,300
20
1,100
200
23
1,700
5.78
1,900
26
1,200
700
28
2,000
5.95
2,700
31
1,700
1,000
Calculate average-cost per unit. (Round answer...
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Some of the information found on a detail inventory card for
Ayayai Inc. for the first month of operations is as
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Received
Date
No. of Units
Unit Cost
Issued,
No. of Units
Balance,
No. of Units
January 2
1,600
$3.75
1,600
7
1,100
500
10
1,000
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1,500
13
900
600
18
1,400
4.13
700
1,300
20
1,100
200
23
1,700
4.25
1,900
26
1,200
700
28
2,000
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2,700
31
1,700
1,000
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Oriole Inc. for the first month of operations is as
follows.
Received
Date
No. of Units
Unit Cost
Issued,
No. of Units
Balance,
No. of Units
January 2
1,700
$4.74
1,700
7
1,200
500
10
1,100
5.06
1,600
13
1,000
600
18
1,500
5.21
800
1,300
20
1,100
200
23
1,800
5.37
2,000
26
1,300
700
28
2,100
5.53
2,800
31
1,800
1,000
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