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Sandhill Co. began operations on July 1. It uses a perpetual inventory system. During July, the...

Sandhill Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Purchases Date Units Unit Cost Sales Units July 1 5 $170 July 6 3 July 11 6 $184 July 14 5 July 21 7 $195 July 27 5 Collapse question part (a1) Partially correct answer. Your answer is partially correct. Try again. Calculate the average cost per unit at July 1, 6, 11, 14, 21 & 27. (Round answers to 2 decimal places, e.g. $105.50.) Calculate the average cost per unit at July 1, 6, 11, 14, 21 & 27. (Round answers to 2 decimal places, e.g. $105.50.) Average cost for each unit July 1 July 6 July 11 July 14 July 21 July 27

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Answer #1
Purchases
Date Units Unit Cost Sales Units
July 1 5 $170
July 6 3
July 11 6 $184
July 14 5
July 21 7 $195
July 27 5
answer
Average cost for each unit Calculation
July 1 170
July 6 170
July 11 180.5 170x2 plus 184x6/8
July 14 180.5
July 21 190.66 180.5x3plus 195x7/10
July 27 190.66
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