Question
Splish Brothers Inc. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Splish Brothers Inc.s purchases of EZslide snowboards
Splish Brothers Inc. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Splish Brothers Inc.s purchases of EZslide snowboards during September. During the same month, 104 EZslide snowboards were sold.
Date Explanation Units Unit Cost Total Cost
Sept. 1 Inventory 11 $119 $1,309
Sept. 12 Purchases 47 122 5,734
Sept. 19 Purchases 52 123 6,396
Sept. 26 Purchases 26 124 3,224
Totals 136 $16,663
Additional data regarding the companys sales of EZslide snowboards are provided below. Assume that Splish Brothers Inc. uses a perpetual inventory system.
Date Units
Sept. 5 Sale 8
Sept. 16 Sale 48
Sept. 29 Sale 48
Totals 104
Calculate the average unit cost. (Round answers to 3 decimal places, e.g. 5.125.)
September 1 $enter a dollar amount
September 5 $enter a dollar amount
September 12 $enter a dollar amount
September 16 $enter a dollar amount
September 19 $enter a dollar amount
September 26 $enter a dollar amount
September 29 $enter a dollar amount
Please Explain. Thanks.
Unit Cost Total Cost Explanation Date Units $1,309 11 $119 Sept. 1 Inventory Sept. 12 Sept. 19 47 122 5,734 Purchases 123 Purchases 52 6,396 26 Purchases 124 3,224 Sept. 26 136 $16,663 Totals Additional data regarding the company's sales of EZslide snowboards are provided Units Date Sept. 5 Sept. 16 Sale 48 Sale 48 Sept. 29 Sale 104 Totals
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