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Calculate the average cost per unit

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Question - Teal Mountain Inc. reports the following for the month of June.

Date

Explanation

Units

Unit Cost

Total Cost

June 1

Inventory

121

$5

$605

June 12

Purchases

371

6

2,226

June 23

Purchases

182

7

1,274

June 30

Inventory

242

 

 

A sale of 382 units occurred on June 15 for a selling price of $7 and a sale of 50 units on June 27 for $8.

Calculate the average cost per unit, using a perpetual inventory system.

Reference no: EM131713918

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