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Verified Solution

Question

Accounting

Received

Date

No. of Units

Unit Cost

Issued, No. of Units

Balance, No. of Units

January 2 1,700 $4.74 1,700
7 1,200 500
10 1,100 5.06 1,600
13 1,000 600
18 1,500 5.21 800 1,300
20 1,100 200
23 1,800 5.37 2,000
26 1,300 700
28 2,100 5.53 2,800
31 1,800

1,000

Calculate the perpetual average cost (Moving)

Answer & Explanation Solved by verified expert
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