The accounting records of Metlock, Inc. show the following data. Beginning inventory 4,000 units at $ 4
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Question:
The accounting records of Metlock, Inc. show the following data.
Beginning inventory | 4,000 units at | $4 | |
Purchases | 8,500 units at | $6 | |
Sales | 10,700 units at | $9 |
Calculate average unit cost. (Round answer to 3 decimal places, e.g. 5.125.)
Average unit cost | $enter average unit cost in dollars | per unit |
Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
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