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Carla Vista Co. markets classic childrens books. At the beginning of June, Carla Vista Co. had in beginning inventory 1,247 books with a unit cost
Carla Vista Co. markets classic childrens books. At the beginning of June, Carla Vista Co. had in beginning inventory 1,247 books with a unit cost of $3. During June, Carla Vista Co. made the following purchases of books.
June 3 | 4,210 | @ | $3 | June 29 | 3,860 | @ | $6 | |||||||
June 18 | 7,660 | @ | $5 |
During June, 10,010 books were sold. Carla Vista Co. uses a periodic inventory system.
(a)
(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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