ASSIGNMENT RESOURCES settled in cash. You are provided with the following inform

Question

ASSIGNMENT RESOURCES settled in cash. You are provided with the following information for Coronado Industries for the month of January 2017 Description Ending inventory Purchase Sale Purchase Sale Purchase Sale Quantity 150 97 196 70 49 109 132 Unit Cost or Selling Price Problem 6-2A (Part Level Submission) Problem 6 8A (Pa Dec. 31 Jan. 2 Jan. 6 Jan. 9 Jan. 10 Jan. 23 Jan. 30 $22 el Submissi Expand Your Critical 40 26 45 27 48 Review Score (a1) Calculate average cost for each unit. (Round answers to 3 decimal places, e.g. 5.125.) Jan. 1 Jan. 2 Jan. 6 Jan. 9 Jan. 10 Jan. 23 Jan. 30 SHOW LIST OF ACCOUNTS LINK TO TEXT

Explanation / Answer

Calculate average cost for each unit :

Date Average cost each unit Jan 1 22 per unit Jan 2 (150*22+97*24)/247 22.785 per unit Jan 6 22.785 per unit Jan 9 (51*22.785+70*26)/121 24.645 per unit Jan 10 24.645 per unit Jan 23 (72*24.645+109*27)/181 26.063 per unit Jan 30 26.063 per unit

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