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Sandhill Companys record of transactions for the month of April was as follows. Purchases Sales April 1 (balance on hand) 708 @ $5.00 April 3
Sandhill Companys record of transactions for the month of April was as follows.
Purchases | Sales | ||||||||||
April 1 | (balance on hand) | 708 | @ | $5.00 | April 3 | 590 | @ | $10.00 | |||
4 | 1,770 | @ | 5.09 | 9 | 1,652 | @ | 10.00 | ||||
8 | 944 | @ | 5.38 | 11 | 708 | @ | 11.00 | ||||
13 | 1,416 | @ | 5.48 | 23 | 1,416 | @ | 11.00 | ||||
21 | 826 | @ | 5.68 | 27 | 1,062 | @ | 12.00 | ||||
29 | 590 | @ | 5.87 | 5,428 | |||||||
6,254 |
Assuming that periodic inventory records are kept in units only, calculate the average-cost per unit. (Round answer to 2 decimal places, e.g. 2.76.)
Average-cost per unit | $ per unit |
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