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Sarasota's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Sarasota's purchases and sales of Xpert snowboards during September
Sarasota's Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Sarasota's purchases and sales of Xpert snowboards during September is shown below. During the same month, 145 Xpert snowboards were sold. Additional data regarding Sarasota's sales of Xpert snowboards are provided below. Assume that Sarasota's uses a perpetual inventory system. Date Explanation Units Unit Cost Total Cost Sept. 1 Inventory 31 $101 $3,131 Sept. 12 Purchases 54 105 5,670 Sept. 19 Purchases Sept. 26 Purchases * 8 24 109 2,616 60 112 6,720 Totals 169 $18,137 Date Units Unit Price Total Revenue Sept. 5 Sale 14 $199 $2,786 Sept. 16 Sale 60 199 11,940 Sept. 29 Sale 71 209 14,839 Totals 145 $29,565 Calculate moving average cost at Sept 1, 5, 12, 16, 19, 26 & 29. (Round answers to 2 decimal places, e.g. 1.25.) September 1 $ September 5 September 12 $ AA September 16 $ September 19 September 26 September 29 $ AA +A 101
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