Question
Cost per purchased unit per unit Determine the unit costs for units in ending inventory for the inventory table shown below. Use the first-in, first-out
Cost per purchased unit per unit Determine the unit costs for units in ending inventory for the inventory table shown below. Use the first-in, first-out inventory method. Units Date of purchase Total cost Retail price Total retail value Beginning inventory 96 $13 $1,248 $16 $1,536 April 12 23 $8 $184 $13 $299 May 8 17 $11 $187 $16 $272 June 2 38 $14 $532 $22 $836 Goods available for sale 174 $2,151 $2,943 Units sold Ending inventory 89 85 Select the correct choice below and fill in any answer boxes within your choice. A. On June 2, units in the ending inventory were purchased at $ per unit. B. The units in this inventory are not included in the ending inventory
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