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Calculate the average cost for each unit

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Question - Bramble Corp. is a retailer operating In Calgary, Alberta. Bramble Corp. 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 Bramble Corp. for the month of January 2017.

Date

Description

Quantity

Unit Cost or Selling Price

Dec. 31

Ending inventory

156

$18

Jan. 2

Purchase

109

20

Jan. 6

Sale

181

41

Jan. 9

Purchase

78

22

Jan. 10

Sale

48

46

Jan. 23

Purchase

105

23

Jan. 30

Sale

140

49

Required - Calculate the average cost for each unit.

Reference no: EM131711828

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