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What is the average cost ending inventory? (Round to 2 decimal places.) Total units available for...

What is the average cost ending inventory? (Round to 2 decimal places.)
Total units available for sale = 121
Total costs of units available for sale = $ 476.50
Units in ending inventory = 24


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Answer #1

1. Average cost per unit

Average cost per unit = Total cost of units available for sale / Total Units availble for sale

Total cost of units available for sale = $476.50

Total Units available for sale = 121 + 24 = 145 units

Average cost per unit = $476.50 / 145 Units = $3.28621 per unit

2. Avergae cost of goods sold

Average cost of goods sold = 121 Units * $3.28621 per unit = $397.63

3. Average cost of ending Inventory

Average cost of ending inventory = 24 Units * $3.28621 per unit = $78.87

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