Bonita Companys record of transactions concerning part X for the month of April was as...
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Accounting
Bonita Companys record of transactions concerning part X for the month of April was as follows.
| Purchases | Sales | ||||||||
| April 1 | (balance on hand) | 220 | @ | $5.30 | April 5 | 420 | |||
| 4 | 520 | @ | 5.41 | 12 | 320 | ||||
| 11 | 420 | @ | 5.62 | 27 | 1,040 | ||||
| 18 | 320 | @ | 5.67 | 28 | 150 | ||||
| 26 | 720 | @ | 5.94 | ||||||
| 30 | 320 | @ | 6.15 | ||||||
Part 1
Calculate average-cost per unit. Assume that perpetual inventory records are kept in units only. (Round answer to 2 decimal places, e.g. 2.76.)
| Average-cost per unit | $ |
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Part 2
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