Sandhill Companys record of transactions for the month of April was as follows. ...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Sandhill Companys record of transactions for the month of April was as follows.
| Purchases | Sales | ||||||||||
| April 1 | (balance on hand) | 708 | @ | $5.00 | April 3 | 590 | @ | $10.00 | |||
| 4 | 1,770 | @ | 5.09 | 9 | 1,652 | @ | 10.00 | ||||
| 8 | 944 | @ | 5.38 | 11 | 708 | @ | 11.00 | ||||
| 13 | 1,416 | @ | 5.48 | 23 | 1,416 | @ | 11.00 | ||||
| 21 | 826 | @ | 5.68 | 27 | 1,062 | @ | 12.00 | ||||
| 29 | 590 | @ | 5.87 | 5,428 | |||||||
| 6,254 | |||||||||||
Assuming that periodic inventory records are kept in units only, calculate the average-cost per unit. (Round answer to 2 decimal places, e.g. 2.76.)
| Average-cost per unit | $ per unit |
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.