Question
Coronado Distribution markets CDs of the performing artist Unique. At the beginning of October, Coronado had in beginning inventory 2,000 of Uniques CDs with a
Coronado Distribution markets CDs of the performing artist Unique. At the beginning of October, Coronado had in beginning inventory 2,000 of Uniques CDs with a unit cost of $5. During October, Coronado made the following purchases of Uniques CDs.
| Oct. 3 | 2,500 | @ | $6 | Oct. 19 | 3,000 | @ | $8 | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Oct. 9 | 3,500 | @ | $7 | Oct. 25 | 4,000 | @ | $9 |
During October, 10,700 units were sold. Coronado uses a periodic inventory system.
Calculate cost per unit. (Round answer to 2 decimal places, e.g. 2.25.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Information Technology Security Audit Guidebook NIST SP 800-171
Authors: Mark A Russo CISSP-ISSAP CISO
1st Edition
1726674908, 978-1726674904
