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Transactions for the month of June were: Purchases Sales June 1 (balance) 3290 @ $3.10 June 2 2460 @ $5.70 3 8740 @ 3.00 6
Transactions for the month of June were:
Purchases | Sales | |||||||
June 1 | (balance) 3290 @ | $3.10 | June 2 | 2460 @ | $5.70 | |||
3 | 8740 @ | 3.00 | 6 | 6490 @ | 5.70 | |||
7 | 4830 @ | 3.20 | 9 | 4080 @ | 5.70 | |||
15 | 7260 @ | 3.30 | 10 | 1680 @ | 7.00 | |||
22 | 2020 @ | 3.40 | 18 | 5610 @ | 7.00 | |||
25 | 830 @ | 7.00 |
Assuming that perpetual inventory records are kept in units only, the ending inventory on an average-cost basis, rounded to the nearest dollar, is (Round average cost per unit to 2 decimal places, e.g. 1.48.)
$15223.
$16024.
$16144.
$15768.
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