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 330 items in inventory on June 11 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 330 items in inventory on June 11 will have a unit cost of:

Quizplus · Accepted Answer

On a moving average basis, the 330 units in inventory on June 11 would be assigned a cost per unit of $1.5614 as follows:
 11eb16ac_e028_85b3_984d_71803dd4a217_TB6154_00 Average cost per unit for the June 11 inventory would be $1.5614 ($515.25 / 330 units).

The Bisset Corporation Uses Raw Material a in a Manufacturing