Problem 6-09A a1-a2, b (Part Level Submission)
Oriole Co. began operations on July 1. It uses a perpetual
inventory system. During July, the company had the following
purchases and sales.
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Purchases
|
|
|
Date
|
|
Units
|
|
Unit Cost
|
|
Sales Units
|
July |
1 |
|
4 |
|
$140 |
|
|
July |
6 |
|
|
|
|
|
3 |
July |
11 |
|
7 |
|
$150 |
|
|
July |
14 |
|
|
|
|
|
6 |
July |
21 |
|
8 |
|
$161 |
|
|
July |
27 |
|
|
|
|
|
5 |
|
|
|
|
|
(a1)
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Your answer is partially correct. Try again. |
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Calculate the average cost per unit at July 1, 6, 11, 14, 21 &
27. (Round answers to 2 decimal places, e.g.
$105.50.)
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Average cost for each unit
|
July |
1 |
|
$ |
|
|
|
|
July |
6 |
|
$ |
|
|
|
|
July |
11 |
|
$ |
|
|
|
|
July |
14 |
|
$ |
|
|
|
|
July |
21 |
|
$ |
|
|
|
|
July |
27 |
|
$ |
|
|
|