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Calculate average cost for each unit

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Bieber Inc. is a retailer operating in Calgary, Alberta. Bieber Inc. uses the perpetual inventory method. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Bieber Inc. for the month of January 2017.

Dec. 31Ending inventory160$20

Jan. 2Purchase10022Jan. 6Sale18040

Jan. 9Purchase7524

Jan. 10Sale5045

Jan. 23Purchase10025

Jan. 30Sale13048

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Question 1: Calculate average cost for each unit. (Round answers to 3 decimal places, e.g. 5.125.)

Reference no: EM132495279

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