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The Vanity, Inc., had the following inventory transactions in January: 1/1 Purchased 200 units @ $3.00 per unit 1/15 Sold 60 units 1/21 Purchased 100
The Vanity, Inc., had the following inventory transactions in January:
1/1 | Purchased 200 units @ $3.00 per unit |
1/15 | Sold 60 units |
1/21 | Purchased 100 units @ $5.00 per unit |
1/31 | Purchased 40 units @ $10.00 per unit |
Vanity's inventory at the beginning of the month was $400.00 (200 units). What was Vanity's cost per unit at the end of January, using the moving average method?
a. | $3.00 |
b. | $3.65 |
c. | $4.00 |
d. | $6.00 |
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