Question
Bridgeport Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Bridgeport Corp.s purchases of EZslide snowboards during September.
Bridgeport Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below 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 | 47 | 100 | 4,700 | ||||
Sept. 19 | Purchases | 54 | 101 | 5,454 | ||||
Sept. 26 | Purchases | 22 | 102 | 2,244 | ||||
Totals | 136 | $ 13,659 |
Additional data regarding the companys 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 |
(a)
Calculate the average unit cost. (Round answers to 3 decimal places, e.g. 5.125.)
September 1 | $ enter a dollar amount | |
---|---|---|
September 5 | $ enter a dollar amount | |
September 12 | $ enter a dollar amount | |
September 16 | $ enter a dollar amount | |
September 19 | $ enter a dollar amount | |
September 26 | $ enter a dollar amount | |
September 29 | $ enter a dollar amount |
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