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, 101 EZslide snowboards were sold.
Date
Explanation
Units
Unit Cost
Total Cost
Sept. 1Inventory11
$106
$1,166
Sept. 12Purchases46
109
5,014
Sept. 19Purchases53
110
5,830
Sept. 26Purchases21
111
2,331
Totals131
$14,341
Additional data regarding the company's sales of EZslide snowboards are provided below. Assume that Splish Brothers Inc. uses a perpetual inventory system.
Date
Units
Sept. 5Sale8
Sept. 16Sale48
Sept. 29Sale45
Totals101
(a)
Calculate the average unit cost.
September 1
$
September 5
$
September 12
$
September 16
$
September 19
$
September 26
$
September 29
$
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Fundamentals of Cost Accounting
Authors: William N. Lanen, Shannon Anderson, Michael W Maher
6th edition
1259969479, 1259565408, 978-1259969478
