Question
Carla Vista Co. had a beginning inventory of92units of Product RST at a cost of $7per unit. During the year, purchases were: Feb. 20544units at$8Aug.
Carla Vista Co. had a beginning inventory of92units of Product RST at a cost of $7per unit. During the year, purchases were:
Feb. 20544units at$8Aug. 12365units at$10May 5510units at$9Dec. 896units at$11
Carla Vista Co. uses a periodic inventory system. Sales totaled1,470units.
(a)Determine the cost of goods available for sale.
The cost of goods available for sale$
(b)Calculate Average Cost.(Round answer to 3 decimal places, e.g. 5.125.)
Average Cost
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Cornerstones of Managerial Accounting
Authors: Maryanne M. Mowen, Don Hanson, Dan L. Heitger, David McConomy, Jeffrey Pittman
2nd Canadian edition
978-0176721237, 978-0176530884
