Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Marigold Company's record of transactions for the month of April was as follows. April 1 (balance on hand) (a1) 4 00 8 2 2 2
Marigold Company's record of transactions for the month of April was as follows. April 1 (balance on hand) (a1) 4 00 8 2 2 2 13 Purchases 21 480 @ $5.40 Average-cost per unit $ 1,200 640 @ 5.80 960 @ 5.90 560 @ 5.50 400 4,240 6.00 6.20 April 3 9 11 23 27 Sales per unit 400 1,120 960 (al @ 480 @ 3,680 @ 720 @ $10.00 10.00 11.00 11.00 Assuming that periodic inventory records are kept in units only, calculate the average-cost per unit. (Round answer to 2 decimal places, eg. 276J 12.00
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