Question
ohn Adams Companys record of transactions for the month of April was as follows. Calculate average-cost per unit. (Round answer to 2 decimal places, e.g.
ohn Adams Companys record of transactions for the month of April was as follows.
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Purchases | Sales | ||||||||||
April 1 | (balance on hand) | 600 | @ | $ 6.00 | April 3 | 500 | @ | $10.00 | |||
4 | 1,500 | @ | 6.08 | 9 | 1,400 | @ | 10.00 | ||||
8 | 800 | @ | 6.40 | 11 | 600 | @ | 11.00 | ||||
13 | 1,200 | @ | 6.50 | 23 | 1,200 | @ | 11.00 | ||||
21 | 700 | @ | 6.60 | 27 | 900 | @ | 12.00 | ||||
29 | 500 | @ | 6.79 | 4,600 | |||||||
5,300 |
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