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Exercise 6-14 Monty Corp, reports the following for the month of June Date Units Explanation Inventory Purchases Purchases Inventory Unit Cost Total Cost $5 June

Exercise 6-14 Monty Corp, reports the following for the month of June Date Units Explanation Inventory Purchases Purchases Inventory Unit Cost Total Cost $5 June 1 12 23 30 352 187 195 $555 2,112 1,309 A sale of 403 units occurred on June 15 for a selling price of $8 and a sale of 52 units on June 27 for $9 Your answer is correct. Calculate the average cost per unit, using a perpetual inventory system. (Round answers to 3 decimal places, eg, 5.125.) June 1 June 12 5.76 June 15 5.76 June 23 6.699 June 27 6.699 SHOW SOLUTION

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