Entity C, a newly incorporated company, uses the latest version of a software package (EXODUS) to cost and value its inventory. The software uses the AVCO formula to value inventory. The following are the purchases and sales made by entity C during 2009 (being a newly set up company, entity C has no beginning inventory): 

Entity C has approached you to help value its inventory and the cost per unit of the inventory at 31 March 2009, 30 September 2009, and 31 December 2009, using the AVCO formula.

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Purchases 15 January 10 March 25 September Sales 15 March 15 December 100 units @ 500 per unit 150 units @ 600 per unit 400 units @ 700 per unit 650 units 150 units 170 units 320 units