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Exercise 8-11 (Part Level Submission) Stellar Company's record of transactions for the month of April was as follows Purchases Sales April 1 (balance on hand)
Exercise 8-11 (Part Level Submission) Stellar Company's record of transactions for the month of April was as follows Purchases Sales April 1 (balance on hand) 702 @ $5.00 1,755@ 5.08 936 @ 5.39 1,404 5.59 819@ 5.79 585 @ 5.97 4 8 13 21 29 April 3 585 @ $10.00 9 1,638 10.00 11 702 11.00 23 1,404 11.00 27 1,053@ 12.00 5,382 6,201 (a1) Your answer is correct. Assuming that periodic inventory records are kept in units only, calculate the average-cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Average-cost per unit 5.41| per unit
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