Question: Units Unit Cost Total Cost Beginning Inventory 5 $ 10 $ 50 First Purchase 5 $ 12 $ 60 Second Purchase 5 $ 14 $

Units Unit Cost Total Cost
Beginning Inventory 5 $ 10 $ 50
First Purchase 5 $ 12 $ 60
Second Purchase 5 $ 14 $ 70
Third Purchase 10 $ 16 $ 160

Using the Average Cost Method, determine the average cost per unit $_____ (Round to the nearest cent or two decimal places, e.g., 16.34)?

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