Presented below is information related to radios for the Couples Company for the
ID: 2504199 • Letter: P
Question
Presented below is information related to radios for the Couples Company for the month of July.Date Transaction Units In Unit Cost Total Units Sold Selling Price Total July 1 Balance 170 $3.7 $629 6 Purchase 1,360 3.9 5,304 7 Sale 510 $7.0 $3,570 10 Sale 510 7.3 3,723 12 Purchase 680 4.4 2,992 15 Sale 340 7.5 2,550 18 Purchase 510 5.9 3,009 22 Sale 680 7.8 5,304 25 Purchase 850 5.9 5,015 30 Sale 340 8.0 2,720 Totals 3,570 $16,949 2,380 $17,867 Presented below is information related to radios for the Couples Company for the month of July.
Date Transaction Units In Unit Cost Total Units Sold Selling Price Total July 1 Balance 170 $3.7 $629 6 Purchase 1,360 3.9 5,304 7 Sale 510 $7.0 $3,570 10 Sale 510 7.3 3,723 12 Purchase 680 4.4 2,992 15 Sale 340 7.5 2,550 18 Purchase 510 5.9 3,009 22 Sale 680 7.8 5,304 25 Purchase 850 5.9 5,015 30 Sale 340 8.0 2,720 Totals 3,570 $16,949 2,380 $17,867 Date Transaction Units In Unit Cost Total Units Sold Selling Price Total Presented below is information related to radios for the Couples Company for the month of July.
Date Transaction Units In Unit Cost Total Units Sold Selling Price Total July 1 Balance 170 $3.7 $629 6 Purchase 1,360 3.9 5,304 7 Sale 510 $7.0 $3,570 10 Sale 510 7.3 3,723 12 Purchase 680 4.4 2,992 15 Sale 340 7.5 2,550 18 Purchase 510 5.9 3,009 22 Sale 680 7.8 5,304 25 Purchase 850 5.9 5,015 30 Sale 340 8.0 2,720 Totals 3,570 $16,949 2,380 $17,867
Explanation / Answer
TOTAL UNITS = 170+1360+680+510+850
= 3570 UNITS
AVERAGE COST PER UNIT = TOTAL PURCHASES COST/TOTAL UNITS PURCHASED
= (170/3570)*3.7 + (1360/3570)*3.9 + (680/3570)*4.4 + (510/3570)*5.9 + (850/3570)*5.9
= $4.75 PER UNIT [ANSWER]