Question
ABC Co has the following information in regard to its inventory. Date Description Units Cost Total Costs January 1 Beginning Inventory 10 $100 $1,000 January
ABC Co has the following information in regard to its inventory.
Date Description Units Cost Total Costs
January 1 Beginning Inventory 10 $100 $1,000
January 10 Purchases 20 $110 $2,200
January 25 Purchases 15 $115 $1,725
What is the average cost per unit?
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Fundamental Accounting Principles
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
20th Edition
1259157148, 78110874, 9780077616212, 978-1259157141, 77616219, 978-0078110870
