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Can you please explain how to get the cost per unit for COGS? M7-6 Calculating Cost of Goods Available for Sale, Ending Inventory, Sales, Cost
Can you please explain how to get the cost per unit for COGS? M7-6 Calculating Cost of Goods Available for Sale, Ending Inventory, Sales, Cost of Goods Sold, and Gross Profit under Periodic FIFO, LIFO, and Weighted Average Cost
Units | Unit Cost | Unit Selling Price | ||||||||
July 1 | Beginning Inventory | 48 | $ | 10 | ||||||
July 13 | Purchase | 240 | 13 | |||||||
July 25 | Sold | ( | 100 | ) | $ | 15 | ||||
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July 31 | Ending Inventory | 188 |
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