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Presented below is information related to Blowfish radios for the Sheffield Company for the month of July. Date Transaction Units In Unit Cost Total
Presented below is information related to Blowfish radios for the Sheffield Company for the month of July. Date Transaction Units In Unit Cost Total Units Sold Selling Price Total July 1 Balance 170 $4.40 $748 a Purchase 1,360 4.50 6,120 7 Sale 510 $6.70 $3,417 10 Sale 510 7.00 3,570 22 22 23 12 Purchase 680 4.80 3,264 15 Sale 340 7.10 2,414 18 Purchase 510 4.90 2,499 Sale 680 7.10 4,828 25 Purchase 850 4.88 4,148 149 30 Sale Totals 3,570 340 7.20 2,448 $16,779 2,380 $16,677 (a1) Your answer is correct. Calculate the weighted-average cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Weighted-average cost per unit (a2) eTextbook and Media Your answer is incorrect. 4.7 Attempts: 1 of 5 used Assuming that the periodic inventory method is used, compute the inventory cost at July 31 under each of the following cost flow assumptions. (Round answers to O decimal places, e.g. 6,578.) (1) FIFO. (2) LIFO. (3) Average-cost. Ending inventory at July 31 $ (1) (2) FIFO LIFO L $ (3) Average-Cost
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