The Bisset Corporation uses Raw Material A in a manufacturing process. Information as to balances on hand, purchases, and requisitions of Raw Material A is given in the following table. Raw Material A If a perpetual inventory record of Raw Material A is maintained on a moving average basis, the 140 units issued on March 16 will have a unit cost of:

Question

The Bisset Corporation uses Raw Material A in a manufacturing process. Information as to balances on hand, purchases, and requisitions of Raw Material A is given in the following table. Raw Material A  If a perpetual inventory record of Raw Material A is maintained on a moving average basis, the 140 units issued on March 16 will have a unit cost of:

Quizplus · Accepted Answer

On a moving average basis, the 140 units issued on March 16 would have a unit cost of $1.5125 as follows:
 11eb16ac_e028_85b1_984d_b774f656e987_TB6154_00 Average cost for both the February 8 and March 16 issue would be $1.5125 ($605 / 400 units).

The Bisset Corporation Uses Raw Material a in a Manufacturing