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Exercise 6-14 a-b1 (Part Level Submission) Cheyenne Corp. uses a periodic inventory system reports the following for the month of June. Date Explanation Units Unit

Exercise 6-14 a-b1 (Part Level Submission)

Cheyenne Corp. uses a periodic inventory system reports the following for the month of June.

Date

Explanation

Units

Unit Cost

Total Cost

June 1

Inventory

130

$5

$650

12

Purchases

390

6

2,340

23

Purchases

240

7

1,680

30

Inventory

354

A sale of 360 units occurred on June 15 for a selling price of $9 and a sale of 46 units on June 27 for $10.

(a)

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Calculate the average cost per unit, using a perpetual inventory system. (Round intermediate calculations to 0 decimal places, e.g. 5.250 and final answer to 3 decimal places, e.g. 5.125.)

June 1

$enter a dollar amount

June 12

$enter a dollar amount

June 15

$enter a dollar amount

June 23

$enter a dollar amount

June 27

$enter a dollar amount

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