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During 2023, Fresh Express Company sold 2,450 units of its product on September 20 and 2,750 units on December 22, all at a price of
During 2023, Fresh Express Company sold 2,450 units of its product on September 20 and 2,750 units on December 22, all at a price of $85 per unit. Incurring operating expenses of $18 per unit sold, it began the year with and made successive purchases of the product as follows: January 1 beginning inventory Purchases: February 20 May 16 December 11 Total 550 units @ $ 30 1,450 units @$ 32 650 units @ $36 3,250 units @$ 37 5,900 units per unit per unit per unit per unit
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