Homework Answers
Total Units = 150+200+200+150 = 700
Average Rate of Inventory = Total Cost of Inventory/Total Units
= 4764/700
= $6.8057 per unit
Ending Inventory as per Average Cost method = Units as per Physical Count X Average Rate of Inventory
= 200 X 6.8057
= $ 1,361
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inventory purchases in June:
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220 units
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June 15
220 units
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$2200.
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$1541.
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