Question
10 lab assg Oriole Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and
10 lab assg
Oriole 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 4 $140
July 6 3
July 11 7 $150
July 14 6
July 21 8 $161
July 27 5
What isthe 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 $
July 6 $
July 11 $
July14 $
July 21 $
July 27 $
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Payroll Accounting
Authors: Bernard J Bieg, Judith A Toland
24th Edition
1285437063, 9781285437064
