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The following is the inventory for the year for Brown Lumber: Date Units Cost per unit Total Cost Beginning inventory, Jan. 1 500 $10 $
The following is the inventory for the year for Brown Lumber:
Date | Units | Cost per unit | Total Cost |
Beginning inventory, Jan. 1 | 500 | $10 | $ 5,000 |
Purchase, March 15 | 2,500 | $11 | 27,500 |
Purchase, September 20 | 1,500 | $13 | 19,500 |
Purchase, December 10 | 500 | $14 | 7,000 |
Total Units Available | 5,000 | $59,000 |
Using the average cost pricing method, Brown Lumber determined that the dollar value of the ending inventory was $7,316. How many actual units of plywood are included in this ending inventory? (Round the average cost per unit to the nearest cent)
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