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Buffalo Industries began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Purchases Date

image text in transcribedBuffalo Industries began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales.

Purchases

Date

Units

Unit Cost

Sales Units

July 1

12 $107

July 6

9

July 11

5 $114

July 14

5

July 21

7 $123

July 27

5
o 2 decimal places, e.g. 15.25.) Calculate average cost for each unit. (For calculation and answers purpose round unit costs July 1 July 6 t July 11 July 14t July 21 July 27

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