Question
In its first month of operations, Swifty Company made three purchases of merchandise in the following sequence: (1) 340 units at $8, (2) 450 units
In its first month of operations, Swifty Company made three purchases of merchandise in the following sequence: (1) 340 units at $8, (2) 450 units at $9, and (3) 210 units at $10.
Calculate the average unit cost. (Round answer to 2 decimal places, e.g. 15.25.)
| Average unit cost | $ |
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Fundamental Accounting Principles Volume 2
Authors: John Wild, Ken Shaw, Barbara Chiappetta
21st Edition
0077716663, 978-0077716660
