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Pronghorn Corp sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Pronghorn Corp's purchases of EZslide snowboards during September.
Pronghorn Corp sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Pronghorn Corp's purchases of EZslide snowboards during September. During the same month, 101 EZslide snowboards were sold. Units 13 Date Sept. 1 Sept. 12 Sept. 19 Sept. 26 44 Explanation Inventory Purchases Purchases Purchases Totals Unit Cost $115 118 119 120 Total Cost $1,495 5,192 5,831 3,000 $15,518 49 25 131 Additional data regarding the company's sales of EZslide snowboards are provided below. Assume that Pronghorn Corp uses a perpetual inventory system. Date Sept. 5 Sept. 16 Sept. 29 Sale Sale Sale Units 7 49 45 Totals 101 Calculate the average unit cost. (Round answers to 3 decimal places, e.g. 5.125.) September 1 $ $ 115 September 5 $ $ 115 September 12 $ $ September 16 $ $ September 19 $ $ September 26 $ $ September 29
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