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You are provided with the following information for Bramble Inc. for the month ended June 30, 2020. Bramble uses the periodic method for inventory. Date
You are provided with the following information for Bramble Inc. for the month ended June 30, 2020. Bramble uses the periodic method for inventory.
Date | Description | Quantity | Unit Cost or Selling Price | |||||
---|---|---|---|---|---|---|---|---|
June | 1 | Beginning inventory | 39 | $39 | ||||
June | 4 | Purchase | 136 | 43 | ||||
June | 10 | Sale | 107 | 67 | ||||
June | 11 | Sale return | 15 | 67 | ||||
June | 18 | Purchase | 52 | 46 | ||||
June | 18 | Purchase return | 11 | 46 | ||||
June | 25 | Sale | 68 | 72 | ||||
June | 28 | Purchase | 27 | 51 |
Calculate cost per unit. (Round answer to 2 decimal places, e.g. 5.25.)
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