Suppose ShoeFanatic.com used the average-cost method and the perpetual inventory system. Use the Shoe Fanatic data in question 3 to compute the average unit cost of the company’s inventory on hand at September 8. Round unit cost to the nearest cent.

Round unit cost to the nearest cent.

a. $56.10

b. $18.75

c. $44.00

d. Cannot be determined from the data given

Data From Question 3:

Assume ShoeFanatlc.com began September with 8 units of inventory that cost a total of \($144\). During September, Shoe Fanatic purchased and sold goods as follows:

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Sep 8 14 Purchase 24 units @ $19 Sale 20 units @$38 22 Purchase 16 units @ $21 27 Sale 24 units @ $38