Question: Exercise 8-13 (Part Level Submission) Presented below is information related to Blowfish radios for the Bramble Company for the month of July. Date Transaction Units

Exercise 8-13 (Part Level Submission)

Presented below is information related to Blowfish radios for the Bramble Company for the month of July.

Date

Transaction

Units In

Unit Cost

Total

Units Sold

Selling Price

Total

July 1 Balance 140 $4.00 $ 560
6 Purchase 1,120 4.10 4,592
7 Sale 420 $6.80 $ 2,856
10 Sale 420 7.10 2,982
12 Purchase 560 4.40 2,464
15 Sale 280 7.20 2,016
18 Purchase 420 4.50 1,890
22 Sale 560 7.20 4,032
25 Purchase 700 4.48 3,136
30 Sale 280 7.30 2,044
Totals 2,940 $12,642 1,960 $13,930

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

Weighted-average cost $

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!