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Exercise 6-15 Oriole Company sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Oriole Company's purchases of EZslide snowboards
Exercise 6-15 Oriole Company sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Oriole Company's purchases of EZslide snowboards during September. During the same month, 100 EZslide snowboards were sold Date Sept. 1 Sept. 12 Sept. 19 Sept. 26 Explanation Inventory Purchases Purchases Purchases Totals Units Unit Cost Total Cost 12 47 47 21 127 $106 109 110 $1,272 5,123 5,170 2,331 $13,896 Additional data regarding the company's sales of EZslide snowboards are provided below. Assume that Oriole Company uses a perpetual inventory system. Date Sept. 5 Sept. 16 Sept. 29 Units Sale Sale Sale 49 42 100 Totals Calculate the average unit cost. (Round answers to 3 decimal places, e.g. 5.125.) September 1 s September 5 s
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