Exercise 6-15 (Part Level Submission)

Novak Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Novak Corp.s purchases of EZslide snowboards during September. During the same month, 102 EZslide snowboards were sold.

Exercise 6-15 (Part Level Submission) Novak Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Novak Corp.'s purchases of EZslide snowboards during September. During the same month, 102 EZslide snowboards were sold. Date Sept. 1 Sept. 12 Sept. 19 Sept. 26 Explanation Units Unit Cost Total Cost Inventory Purchases Purchases Purchases Totals 12 47 47 $103 106 107 108 $1,236 4,982 5,029 2,376 $13,623 128 Additional data regarding the company's sales of EZslide snowboards are provided below. Assume that Novak Corp. uses a perpetual inventory system Date Sept. 5 Sept. 16 Sept. 29 Units Sale Sale Sale 48 46 102 Totals (a) ] Your answer is correct. Calculate the average unit cost. (Round answers to 3 decimal places, e.g. 5.125.) September 1 September 5 September 12 September 16 September 19 September 26 September 29 10 105. 105.76 106. 107