Question
At a lump-sum cost of $83,000, Pratt Company recently purchased the following items for resale: Item No. of Items Purchased Resale Price Per Unit M
At a lump-sum cost of $83,000, Pratt Company recently purchased the following items for resale:
Item No. of Items Purchased Resale Price Per Unit
M 4,000 $2.75
N 2,000 10.00
O 6,000 4.00
What is the appropriate cost per unit of M, N, and O?
Not sure how to figure the cost per unit price.
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Survey Of Accounting
Authors: Carl S. Warren
4th Edition
0538478144, 9780538478144
