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Presented below is information related to Blowfish radios for the Blossom Company for the month of July. Date Transaction Units In Unit Cost Total Units
Presented below is information related to Blowfish radios for the Blossom Company for the month of July.
Date | Transaction | Units In | Unit Cost | Total | Units Sold | Selling Price | Total | |||||||
July 1 | Balance | 130 | $4.10 | $ 533 | ||||||||||
6 | Purchase | 1,040 | 4.20 | 4,368 | ||||||||||
7 | Sale | 390 | $6.90 | $ 2,691 | ||||||||||
10 | Sale | 390 | 7.20 | 2,808 | ||||||||||
12 | Purchase | 520 | 4.50 | 2,340 | ||||||||||
15 | Sale | 260 | 7.30 | 1,898 | ||||||||||
18 | Purchase | 390 | 4.60 | 1,794 | ||||||||||
22 | Sale | 520 | 7.30 | 3,796 | ||||||||||
25 | Purchase | 650 | 4.58 | 2,977 | ||||||||||
30 | Sale | 260 | 7.40 | 1,924 | ||||||||||
Totals | 2,730 | $12,012 | 1,820 | $13,117 |
alculate average cost per unit. (Round answer to 2 decimal places, e.g. 2.76.)
Weighted-average cost | $
LIFO AND FIFO AS WELL |
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