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Bridgeports Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Bridgeports purchases and sales of Xpert snowboards during September is

Bridgeports Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Bridgeports purchases and sales of Xpert snowboards during September is shown below. During the same month, 224 Xpert snowboards were sold. Additional data regarding Bridgeports sales of Xpert snowboards are provided below. Assume that Bridgeports uses a perpetual inventory system.

Date

Explanation

Units

Unit Cost

Total Cost

Sept. 1

Inventory

48

$98

$ 4,704

Sept. 12

Purchases

83

104

8,632

Sept. 19

Purchases

37

107

3,959

Sept. 26

Purchases

93

114

10,602

Totals

261

$27,897

Date

Units

Unit Price

Total Revenue

Sept. 5

Sale

22

$199

$4,378

Sept. 16

Sale

93

199

18,507

Sept. 29

Sale

109

209

22,781

Totals

224

$45,666

How do you calculate moving average cost at Sept 1, 5, 12, 16, 19, 26 & 29. (Round answers to 2 decimal places, e.g. 1.25.)

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