Question: Calculate average cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Weighted-average cost $ Presented below is information related to Blowfish radios for

 Calculate average cost per unit. (Round answer to 2 decimal places,

Calculate average cost per unit. (Round answer to 2 decimal places, e.g. 2.76.)

Weighted-average cost

$

Presented below is information related to Blowfish radios for the Whispering Company for the month of July. Date Transaction Units In Unit Cost Total Units Sold Selling Price Total July 1 Balance 110 $4.30 6 Purchase 880 4.40 7 Sale 330 $6.90 $2,277 Sale 330 7.20 2,376 Purchase 440 4.70 Sale 220 7.30 1.606 Purchase 330 4.80 Sale 440 7.30 3,212 Purchase 550 4.78 Sale 220 7.40 1,628 2,310 1,540 $11,099 10 12 15 18 22 25 30 Totals $ 473 3,872 2,068 1,584 2,629 $10,626

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!