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Bridgeport Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. The following is information relating to Bridgeport Corp.'s purchases of EZslide snowboards
Bridgeport Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. The following is information relating to Bridgeport Corp.'s purchases of EZslide snowboards during September. During the same month, 108 EZslide snowboards were sold. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 13 $97 $1,261 Sept. 12 Purchases Sept. 19 Purchases 455 47 100 4,700 54 101 5,454 Sept. 26 Purchases Totals 102 2,244 $13,659 Additional data regarding the company's sales of EZslide snowboards are provided below. Assume that Bridgeport Corp. uses a perpetual inventory system. Date Units Sept. 5 Sale 8 Sept. 16. Sale 51 Sept. 29 Sale 49 Totals 108. Your answer is partially correct. Calculate the average unit cost. (Round answers to 3 decimal places, e.g. 5.125.) September 1 $ 97 September 5 97 September 12 $ 99.350 September 16 $ 99.35 September 19 $ 100.132 September 26 $ 100.434 September 29 $ 100.434
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