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Metlock Companys record of transactions for the month of April was as follows. Purchases Sales April 1 (balance on hand) 840 @ $6.00 April 3
Metlock Companys record of transactions for the month of April was as follows.
| Purchases | Sales | ||||||||||
| April 1 | (balance on hand) | 840 | @ | $6.00 | April 3 | 700 | @ | $10.00 | |||
| 4 | 2,100 | @ | 6.08 | 9 | 1,960 | @ | 10.00 | ||||
| 8 | 1,120 | @ | 6.40 | 11 | 840 | @ | 11.00 | ||||
| 13 | 1,680 | @ | 6.50 | 23 | 1,680 | @ | 11.00 | ||||
| 21 | 980 | @ | 6.60 | 27 | 1,260 | @ | 12.00 | ||||
| 29 | 700 | @ | 6.79 | 6,440 | |||||||
| 7,420 | |||||||||||
(a1)
Assuming that periodic inventory records are kept in units only, calculate the average-cost per unit.
| Average-cost per unit | $ per unit |
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Accounting And Finance An Introduction
Authors: Eddie McLaney
7th Edition
2309903011, 9781292012650
