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Marigold Corporation began operations on December 1, 2019. The only inventory transaction in 2019 was the purchase of inventory on December 10, 2019, at a

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Marigold Corporation began operations on December 1, 2019. The only inventory transaction in 2019 was the purchase of inventory on December 10, 2019, at a cost of $22 per unit. None of this inventory was sold in 2019. Relevant information is as follows. 125 Ending inventory units December 31, 2019 December 31, 2020, by purchase date December 2, 2020 July 20, 2020 125 50 175 During the year 2020, the following purchases and sales were made. Purchases Sales March 15 325 units at $26 April 10 225 July 20 325 units at 27 August 20 325 225 units at 30 September 4 December 2 November 18 175 125 units at 32 December 12 225 The company uses the periodic inventory method. During the year 2020, the following purchases and sales were made. Purchases Sales March 15 325 units at $26 April 10 225 July 20 325 units at 27 August 20 325 30 November 18 175 September 4 225 units at December 2 125 units at 32 December 12 225 The company uses the periodic inventory method. (a1) Calculate average cost per unit. (Round answer to 2 decimal places, e.e. 2.76.) Average-cost $ Save for Later Attempts: unlimited S

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