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This is the same problem information for Steven Company. However, this time use the average cost method. Steven Company uses a perpetual inventory system. It
This is the same problem information for Steven Company. However, this time use the average cost method. Steven Company uses a perpetual inventory system. It sells its product to customers for $60 per unit. Below is information regarding inventory transactions for April. Apr.1 Beginning Inventory Apr. 12 Apr. 18 Apr. 20 Purchase 1 Sale 1 Purchase 2 Apr. 29 Sale 2 Question 1 of 5 60 units $22-$1,320 30 units $23-$690 15 units 15 units @ $25-$375 50 units Using the average cost inventory method, what is the average cost per unit for Sale 1? Show your answer to 4 decimals. Show your calculations Average cost per unit for Sale 1 Using the average cost inventory method, what is the Cost of Goods Sold for Sale 1? Round your answer to the whole dollar. Show your calculations Cost of Sold for Sale 1 Mark for Review What's This? Question 3 of 5) Using the average cost inventory method, what is the average cost per unit for Sale 2? Show your answer to 4 decimals. Show your calculations Average cost per unit for Sale 2 3 week syster ginve 13- se215 in Enc ad su ound ere is Using the average cost inventory method, what is the Cost of Goods Sold for Sale 2? Round your answer to the whole dollar. Show your calculations Cost of Sold for Sale 1 Mark for Review What's This? Question 5 of 5 Using the average cost inventory method, what is the cost of Ending Inventory? Round your answer to the whole dollar. Show your calculations Cost of Ending Inventory
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