Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I am confused on the moving average unit cost. Company inventory: Date Explanation Units Unit cost Total Cost March 1 Inventory 200 $2 $400 March
I am confused on the moving average unit cost.
Company inventory:
Date | Explanation | Units | Unit cost | Total Cost |
March 1 | Inventory | 200 | $2 | $400 |
March 12 | Purchase | 600 | $3 | $1800 |
March 23 | Purchase | 230 | $4 | $920 |
March 30 | Inventory | 60 |
Sales happen on the 15th of 480 units at $6 and again on the 27th of 120 units for $6.
I'm having trouble calculating for each of the dates with the sales in between: (to the 3rd decimal) March 1 March 12 March 15 March 23 March 27
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started