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Skysong, Inc. had a beginning inventory of 145 units of Product RST at a cost of $9 per unit. During the year, purchases were: Feb.
Skysong, Inc. had a beginning inventory of 145 units of Product RST at a cost of $9 per unit. During the year, purchases were:
Feb. 20 | 670 | units at | $10 | Aug. 12 | 470 | units at | $12 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
May 5 | 570 | units at | $11 | Dec. 8 | 145 | units at | $13 |
Skysong uses a periodic inventory system. Sales totaled 1,540 units.
(a)
Determine the cost of goods available for sale.
The cost of goods available for sale | $enter the cost of goods available for sale in dollars |
Calculate Average Cost. (Round answer to 3 decimal places, e.g. 5.125.)
Average Cost | $enter an average cost in dollars |
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