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Lambert Center began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Purchases Date

Lambert Center began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales.

Purchases

Date

Units

Unit Cost

Sales Units

July 1 7 $62
July 6 5
July 11 3 $66
July 14 3
July 21 4 $71

July 27 (3 sales units on 7/27)

1) calculate the average cost for each unit on each given day:

July 14? July 21? July 27? What is the average cost for each unit on these dates?

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