Exercise 8-16

Presented below is information related to Blowfish radios for the Hootie Company for the month of July.

Date		Transaction		Units In		Unit Cost		Total		Units Sold		Selling Price		Total
July 1		Balance		120		$3.57		$ 428
6		Purchase		960		3.60		3,456
7		Sale								360		$6.97		$ 2,509
10		Sale								360		7.32		2,635
12		Purchase		480		4.28		2,054
15		Sale								240		7.68		1,843
18		Purchase		360		5.53		1,991
22		Sale								480		7.95		3,816
25		Purchase		600		5.97		3,582
30		Sale								240		8.30		1,992
		Totals		2,520				$11,511		1,680				$12,795

Calculate average cost per unit