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