In its first month of operations, Bonita Industries made three purchases of merchandise in the following sequence:
Fantastic news! We've Found the answer you've been seeking!
Question:
In its first month of operations, Bonita Industries made three purchases of merchandise in the following sequence:
(1) 380 units at $5,
(2) 480 units at $7,
(3) 580 units at $8.
Calculate average unit cost. (Round answer to 3 decimal places, e.g. 5.125.)
Average Unit Cost =
Compute the cost of the ending inventory under the average-cost method, assuming there are 280 units on hand at the end of the period. (Round answer to 0 decimal places, e.g. 125.)
Cost of ending Inventory =
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date: