Question
Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 15 $110 $1,650 Sept. 12 Purchases 49 113 5,537 Sept. 19 Purchases 58 114
Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 15 $110 $1,650 Sept. 12 Purchases 49 113 5,537 Sept. 19 Purchases 58 114 6,612 Sept. 26 Purchases 24 115 2,760 Totals 146 $16,559 Additional data regarding the company's sales of EZslide snowboards are provided below. Assume that Sage Hill Inc. uses a perpetual inventory system. Date Units Sept. 5 Sale 8 Sept. 16 Sale 54 Sept. 29 Sale 54 Totals 116 (a) Calculate the average unit cost. (Round answers to 3 decimal places, e.g. 5.125.) September 1 $ September 5 $ September 12 $ September 16 $ September 19 $ September 26 $ September 29 $
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Fundamental accounting principle
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
21st edition
1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587
