Question

Bridgeport’s Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information relating to Bridgeport’s purchases and sales of Xpert snowboards during September is shown below. During the same month, 224 Xpert snowboards were sold. Additional data regarding Bridgeport’s sales of Xpert snowboards are provided below. Assume that Bridgeport’s uses a perpetual inventory system.

Date		Explanation		Units			Unit Cost			Total Cost
Sept. 1		Inventory		48			$98			$ 4,704
Sept. 12		Purchases		83			104			8,632
Sept. 19		Purchases		37			107			3,959
Sept. 26		Purchases		93			114			10,602
		Totals		261						$27,897

Date				Units		Unit Price			Total Revenue
Sept. 5		Sale		22		$199			$4,378
Sept. 16		Sale		93		199			18,507
Sept. 29		Sale		109		209			22,781
		Totals		224					$45,666

How do you calculate moving average cost at Sept 1, 5, 12, 16, 19, 26 & 29. (Round answers to 2 decimal places, e.g. 1.25.)

Answer 1