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Express Distribution markets CDs of the performing artist Fishe. At the beginning of October, Express had in beginning inventory 5,940 of Fishes CDs with a
Express Distribution markets CDs of the performing artist Fishe. At the beginning of October, Express had in beginning inventory 5,940 of Fishes CDs with a unit cost of $7. During October, Express made the following purchases of Fishes CDs.
Oct. 3 | 7,425 | @ | $9 | Oct. 19 | 8,910 | @ | $12 | |||||||
Oct. 9 | 10,395 | @ | $10 | Oct. 25 | 11,880 | @ | $13 |
During October, 32,373 units were sold. Express uses a periodic inventory system.
Calculate cost per unit. (Round answer to 3 decimal places, e.g. 2.250.)
Cost per unit | $ |
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