Acct Chapter 6
In its first month of operations, Marigold Corp. made three purchases of merchandise in the following sequence: (1) 650 units at $ 8, (2) 750 units at $ 10, and (3) 850 units at $ 11.
Calculate average unit cost. (Round answer to 3 decimal places, e.g. 5.125.)
Average unit cost | $ |
Homework Answers
Calculation of average unit cost:
| Purchases | Units | Unit cost | Total cost |
| (A) | (B) | (A x B) | |
| 1 | 650 | $ 8 | $ 5,200 |
| 2 | 750 | $ 10 | $ 7,500 |
| 3 | 850 | $ 11 | $ 9,350 |
| 2,250 | $ 22,050 |
Average unit cost = Total cost / Total units
Average unit cost = $22,050 / 2,250
Average unit cost = $9.80 per unit
| Purchases | Units | Unit cost | Total cost |
| (A) | (B) | (A x B) | |
| 1 | 650 | $ 8 | $ 5,200 |
| 2 | 750 | $ 10 | $ 7,500 |
| 3 | 850 | $ 11 | $ 9,350 |
| 2,250 | $ 22,050 |
In its first month of operations, Blue Spruce Corp. made three purchases of merchandise in the...
In its first month of operations, Blue Spruce Corp. made three
purchases of merchandise in the following sequence: (1) 350 units
at $3, (2) 400 units at $5, and (3) 500 units at $7.
Calculate average unit cost.
(Round answer to 3 decimal places, e.g.
5.125.)
Average unit cost
$enter an average unit cost in dollars
Compute the cost of the ending inventory under the average-cost
method, assuming there are 250 units on hand at the end of the
period....
In its first month of operations, Tamarisk, Inc. made three purchases of merchandise in the following...
In its first month of operations, Tamarisk, Inc. made three
purchases of merchandise in the following sequence: (1) 500 units
at $8, (2) 600 units at $9, and (3) 700 units at $11.
Calculate average unit cost.
(Round answer to 3 decimal places, e.g.
5.125.)
Average unit cost
$enter an average unit cost in dollars
Show List of Accounts
Compute the cost of the ending inventory under the average-cost
method, assuming there are 400 units on hand at the end...
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please help with this accounting problem! Ch 6: Homework View Policies Current Attempt in Progress In...
please help with this accounting problem!
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In its first month of operations, Bethke Company made three purchases of merchandise in the following...
In its first month of operations, Bethke Company made three
purchases of merchandise in the following sequence: (1) 120 units
at $9, (2) 400 units at $10, and (3) 115 units at $11.
Calculate the average unit cost. (Round answer to 2
decimal places, e.g. 15.25.)
Average unit cost
$
Compute the cost of the ending inventory under the average-cost
method, assuming there are 360 units on hand. (Round
answer to 0 decimal places, e.g. 1,250.)
The cost of the...
Question 1 View Policies Current Attempt in Progress In its first month of operations, Blossom Company...
Question 1 View Policies Current Attempt in Progress In its first month of operations, Blossom Company made three purchases of merchandise in the following sequence: (1) 350 units at $5, (2) 400 units at $7, and (3) 500 units at $8. Calculate average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Average unit cost $ e Textbook and Media List of Accounts Compute the cost of the ending inventory under the average-cost method, assuming there are 250 units...
Brief Exercise 6-3 x Your answer is incorrect. Try again. In its first month of operations,...
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nting ates Question 9 View Policies Current Attempt in Progress Support In its first month of operations, Whisperin...
nting ates Question 9 View Policies Current Attempt in Progress Support In its first month of operations, Whispering Winds Corp. made three purchases of merchandise in the following sequence: (1) 410 units at $4.(2) 510 units at $6, and (3) 610 units at $7. Assuming there are 310 units on hand at the end of the period. Compute the cost of the ending Inventory under the average-cost method. (Round the cost per unit to 3 decimal places, s. 8.875 and...
Problem 6-02A Marigold Corp. markets CDs of numerous performing artists. At the beginning of March, Marigold...
Problem 6-02A Marigold Corp. markets CDs of numerous performing artists. At the beginning of March, Marigold had in beginning inventory 2,700 CDs with a unit cost of $7. During March, Marigold made the following purchases of CDs. March 5 March 13 1,900 3,500 @ @ $8 $9 March 21 March 26 5,000 1,900 @ @ $10 $11 During March 12,000 units were sold. Marigold uses a periodic inventory system. Your answer is correct. Determine the cost of goods available for...
In its first month of operations, Blue Spruce Corp. made three
purchases of merchandise in the following sequence: (1) 350 units
at $3, (2) 400 units at $5, and (3) 500 units at $7.
Calculate average unit cost.
(Round answer to 3 decimal places, e.g.
5.125.)
Average unit cost
$enter an average unit cost in dollars
Compute the cost of the ending inventory under the average-cost
method, assuming there are 250 units on hand at the end of the
period....
In its first month of operations, Tamarisk, Inc. made three
purchases of merchandise in the following sequence: (1) 500 units
at $8, (2) 600 units at $9, and (3) 700 units at $11.
Calculate average unit cost.
(Round answer to 3 decimal places, e.g.
5.125.)
Average unit cost
$enter an average unit cost in dollars
Show List of Accounts
Compute the cost of the ending inventory under the average-cost
method, assuming there are 400 units on hand at the end...
In its first month of operations, Sheffield Corp. made three purchases of merchandise in the following sequence: (1) 350 units at $8, (2) 400 units at $9, and (3) 500 units at $10. Calculate average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Average unit cost $ eTextbook and Media List of Accounts Compute the cost of the ending inventory under the average-cost method, assuming there are 250 units on hand at the end of the period. (Round...
In its first month of operations, Skysong, Inc. made three purchases of merchandise in the following sequence: (1) 290 units at $4, (2) 390 units at $6, and (3) 490 units at $7. Assuming there are 190 units on hand at the end of the period Your answer is incorrect. Try again. Calculate average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Average unit cost . SHOW LIST OF ACCOUNTS LINK TO TEXT INTERACTIVE TUTORIAL XYour answer is...
please help with this accounting problem!
Ch 6: Homework View Policies Current Attempt in Progress In its first month of operations, Sheridan Company made three purchases of merchandise in the following sequence: (1) 500 units at $4, (2) 600 units at $5, and (3) 700 units at $7. Calculate average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Average unit cost $ e Textbook and Media List of Accounts Compute the cost of the ending inventory under the...
In its first month of operations, Bethke Company made three
purchases of merchandise in the following sequence: (1) 120 units
at $9, (2) 400 units at $10, and (3) 115 units at $11.
Calculate the average unit cost. (Round answer to 2
decimal places, e.g. 15.25.)
Average unit cost
$
Compute the cost of the ending inventory under the average-cost
method, assuming there are 360 units on hand. (Round
answer to 0 decimal places, e.g. 1,250.)
The cost of the...
Question 1 View Policies Current Attempt in Progress In its first month of operations, Blossom Company made three purchases of merchandise in the following sequence: (1) 350 units at $5, (2) 400 units at $7, and (3) 500 units at $8. Calculate average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Average unit cost $ e Textbook and Media List of Accounts Compute the cost of the ending inventory under the average-cost method, assuming there are 250 units...
Brief Exercise 6-3 x Your answer is incorrect. Try again. In its first month of operations, Marigold Corp. made three purchases of merchandise in the following sequence: (1) 110 units at $9, (2) 420 units at $10, and (3) 110 units at $11. Assuming there are 270 units on hand, compute the cost of the ending inventory under the (a) FIFO method and (b) LIFO method. Marigold uses a periodic inventory system. FIFO (a) Cost of the ending inventory 2970...
nting ates Question 9 View Policies Current Attempt in Progress Support In its first month of operations, Whispering Winds Corp. made three purchases of merchandise in the following sequence: (1) 410 units at $4.(2) 510 units at $6, and (3) 610 units at $7. Assuming there are 310 units on hand at the end of the period. Compute the cost of the ending Inventory under the average-cost method. (Round the cost per unit to 3 decimal places, s. 8.875 and...
Problem 6-02A Marigold Corp. markets CDs of numerous performing artists. At the beginning of March, Marigold had in beginning inventory 2,700 CDs with a unit cost of $7. During March, Marigold made the following purchases of CDs. March 5 March 13 1,900 3,500 @ @ $8 $9 March 21 March 26 5,000 1,900 @ @ $10 $11 During March 12,000 units were sold. Marigold uses a periodic inventory system. Your answer is correct. Determine the cost of goods available for...
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