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

Marin Inc. uses a periodic inventory system reports the following for the month of June.

Date		Explanation		Units		Unit Cost		Total Cost
June 1		Inventory		140		$5		$700
12		Purchases		360		6		2,160
23		Purchases		220		7		1,540
30		Inventory		280

A sale of 400 units occurred on June 15 for a selling price of $8 and a sale of 40 units on June 27 for $9.

(a)

Calculate the average cost per unit, using a perpetual inventory system. (Round answers 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