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Please show your work. Thank you in advance! Some of the information found on a detail inventory card for Oriole Inc. for the first month
Please show your work. Thank you in advance!
Some of the information found on a detail inventory card for Oriole Inc. for the first month of operations is as follows. Received Date No. of Units Issued, No. of Units Balance, No. of Units Unit Cost January 2 1,700 $4.74 1,700 500 7 1,200 1,100 5.06 1,600 10 13 1,000 600 18 1,500 5.21 800 1,300 200 20 1,100 23 1,800 5.37 2,000 26 1,300 700 28 2,100 5.53 2,800 1,000 31 1,800 26 1,300 700 28 2,100 5.53 2,800 1,000 31 1,800 Calculate average-cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Average-cost per unit $ eTextbook and MediaStep by Step Solution
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