Calculate the average cost per unit

Assignment Help Accounting Basics
Reference no: EM131987133

Question - Eggers Company reports the following for the month of June.

Date - Explanation - Units - Unit Cost - Total Cost

June 1 Inventory 128 $5 $ 640

June 12 Purchases 395 6 2,370
June 23 Purchases 214 7 1,498

June 30 Inventory 246

A sale of 438 units occurred on June 15 for a selling price of $9 and a sale of 53 units on June 27 for $10.

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

Reference no: EM131987133

Questions Cloud

Breakdown on interest rate : You are given the following breakdown on an interest rate. What is the risk free rate that you should expect on a Treasury Bill?
Understanding the external environment : Understanding the external environment is a necessary attribute of a modern hospitality manager
The state of social entrepreneurship in a country : You will produce an information-rich PowerPoint Presentation on the state of Social Entrepreneurship in a country in either Asia, Latin America or Africa.
Recommend two new features of window server active directory : Recommend two new features of Windows Server 2012 Active Directory that you believe to be most beneficial to users from a network security standpoint.
Calculate the average cost per unit : Eggers Company reports the following for the month of June. Calculate the average cost per unit, using a perpetual inventory system
What would be the weight used for equity in computation : what would be the weight used for equity in the computation of Sports's WACC?
Evaluate your project management options : Evaluate your project management options in terms of schedule, performance, and cost for the following scenario. Support your evaluation.
Determine ending inventory under a perpetual inventory : Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving-average, and (3) LIFO
How quality customer service can impact an organization : This question involves analyzing the advantages of an organization that offers quality services that are related to human resources.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd