Problem 8-6 (Part Level Submission) Sage Company is a multi product firm. Presen

Question

Problem 8-6 (Part Level Submission) Sage Company is a multi product firm. Presented below is information concerning one of its products, the Hawkeye Date Transaction Quantity Price/Cost 1/1 Beginning inventory 2,700 2/4 Purchase 2/20 Sale 4/2 Purchase 11/4 Sale $17 26 43 3,700 4,200 4,700 3,900 47 xYour answer is incorrect. Try again Calculate average-cost per unit. (Round answer to 4 decimal places, e.g. 2.7613.) Average-cost per unit Click if you would like to Show Work for this question: Open Show Work

Explanation / Answer

$26.7748 = $297,200/11,100

UNITS COST PER UNIT TOTAL COST 1/1 BEGINNING INVENTORY 2,700 $17 $45,900 2/4 PURCHASE 3,700 $26 $96,200 4/2 PURCHASE 4,700 $33 $155,100 11,100 $26.7748 $297,200

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---