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Pronghorn's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Pronghorn's purchases and sales of Xpert snowboards during September is
Pronghorn's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Pronghorn's purchases and sales of Xpert snowboards during September is shown below. During the same month, 158 Xpert snowboards were sold. Additional data regarding Pronghorn's sales of Xpert snowboards are provided below. Assume that Pronghorn's uses a perpetual inventory system. Date Sept. 1 Sept. 12 Sept. 19 Sept. 26 Explanation Inventory Purchases Purchases Purchases Totals Units 34 59 26 65 Unit Cost $99 104 108 Total Cost $3,366 6,136 2,808 7,215 $19,525 111 184 Date Sept. 5 Sept. 16 Sept. 29 Sale Sale Sale Totals Units 16 65 77 Unit Price $199 199 209 Total Revenue $3,184 12,935 16.093 $32.212 158 Part 1 Your answer is partially correct. Calculate moving average cost at Sept 1,5. 12, 16, 19.26 & 29. (Round answers to 2 decimal places, eg. 1.25.) September 1 $ 99 September 5 $ 99 September 12 $ 102.83 September 16 $ 102.83 September 19 $ 106.37 September 26 $ 75.55 September 29 $ 75.55
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