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Some of the information found on a detail inventory card for Waterway Inc. for the first month of operations is as follows: Received Date No.

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Some of the information found on a detail inventory card for Waterway Inc. for the first month of operations is as follows: Received Date No. of Units Unit Cost Issued No. of Units Balance, No. of Units January 2 1,600 V4.65 1,600 7 1.100 500 10 1,000 4.96 1,500 13 900 600 18 1,400 5.12 700 1.300 20 1.100 200 23 1.700 5.27 1,900 26 1.200 700 28 2,000 5.43 2.700 31 1.700 1.000 (al) Calculate average-cost per unit. Assume that perpetual inventory records are kept in units only. (Round answer to 2 decimal places, eg. 2.76) Average-cost per unit e Textbook and Media Save for Later Attempts: 0 of 1 used Submit

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