Some of the information found on a detail inventory card for
Tamarisk Inc. for the first month of
operations is as follows.
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Calculate average-cost per unit. (Round answer to 2 decimal places, e.g. 2.76.)
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Homework Answers
Average cost per unit = Total cost/Total Units
= (1300*4.38+700*4.67+1100*4.82+1400*4.96+1700*5.11)/(1300+700+1100+1400+1700)
= 29896/6200
= $4.8219 per unit
i.e. $4.82 per unit
Add Answer to:
Some of the information found on a detail inventory card for
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Received
Date
No. of Units
Unit Cost
Issued,
No. of Units
Balance,
No. of Units
January 2
1,600
$5.10
1,600
7
1,100
500
10
1,000
5.44
1,500
13
900
600
18
1,400
5.61
700
1,300
20
1,100
200
23
1,700
5.78
1,900
26
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700
28
2,000
5.95
2,700
31
1,700
1,000
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Received
Date
No. of Units
Unit Cost
Issued,
No. of Units
Balance,
No. of Units
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1,600
7
1,100
500
10
1,000
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1,500
13
900
600
18
1,400
4.13
700
1,300
20
1,100
200
23
1,700
4.25
1,900
26
1,200
700
28
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2,700
31
1,700
1,000
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Received
Date
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Unit Cost
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Balance,
No. of Units
January 2
1,700
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1,700
7
1,200
500
10
1,100
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1,600
13
1,000
600
18
1,500
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1,300
20
1,100
200
23
1,800
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2,000
26
1,300
700
28
2,100
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2,800
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1,800
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Received
Date
No. of Units
Unit Cost
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1,600
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1,600
7
1,100
500
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13
900
600
18
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1,300
20
1,100
200
23
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26
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700
28
2,000
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2,700
31
1,700
1,000
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1,100
500
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600
18
1,400
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1,100
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1,000
600
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800
1,300
20
1,100
200
23
1,800
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2,000
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700
28
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2,800
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1,800
1,000
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