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Calculate the average unit cost. (Round answers to 3 decimal places, e.g. 5.125.) Blossom Company sells a snowboard, EZslide, that is popular with snowboard enthusiasts.
Calculate the average unit cost. (Round answers to 3 decimal places, e.g. 5.125.)
Blossom Company sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Blossom Company's purchases of EZslide snowboards during September. During the same month, 102 EZslide snowboards were sold. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 13 $115 $1,495 Purchases 45 118 5,310 Sept. 12 Sept. 19 Sept. 26 Purchases 49 119 5,831 Purchases 25 120 3,000 $15,636 Totals 132 Additional data regarding the company's sales of EZslide snowboards are provided below. Assume that Blossom Company uses a perpetual inventory system. Units Sale Date Sept. 5 Sept. 16 Sept. 29 Sale 49 Sale 45 Totals 102 Calculate the average unit cost. (Round answers to 3 decimal places, e.g. 5.125.) September 1 $ September 5 $ September 12 September 16 $ September 19 $ September 26 $ September 29 $
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