Problem 6-9A (Part Level Submission)

Wittmann Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales.

			Purchases
Date			Units		Unit Cost		Sales Units
July	1		215		$122
July	6						129
July	11		301		$136
July	14						215
July	21		344		$147
July	27						215

THE ONLY thing I need help finding is the Moving Average cost.

The moving average cost I got was wrong and I am now unsure how to find it.

Problem 6-9A (Part Level submission) Wittmann Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Purchases Date units Unit Sales cost Units July 1. 215 $122 July 6 129 July 11 301 $136 July 14 215 July 21 344 $147 July 27 215 (a1) Your answer is correct. Calculate the average cost per unit at July 1, 6, 11, 14, 21 & 27. (Round answers to 2 decimal places, e.g. $105.50.) Average cost for each unit July 1 122 July 6 122 July 11 132.89 July 14 132.89 July 21 142.29 July 27 142.29 SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 1 of 5 used