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Transactions for the month of June were: Purchases Sales June 1 (balance) 3220 @ $3.20 June 2 2410 @ $5.70 3 8780 @ 3.10 6
Transactions for the month of June were:
Purchases | Sales | |||||||
June 1 | (balance) 3220 @ | $3.20 | June 2 | 2410 @ | $5.70 | |||
3 | 8780 @ | 3.10 | 6 | 6360 @ | 5.70 | |||
7 | 4700 @ | 3.30 | 9 | 3930 @ | 5.70 | |||
15 | 7290 @ | 3.40 | 10 | 1640 @ | 6.00 | |||
22 | 2000 @ | 3.50 | 18 | 5590 @ | 6.00 | |||
25 | 750 @ | 6.00 |
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.)
$17311.
$16731.
$17672.
$17552.
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