A company purchased inventory as follows: 150 units at $5
350 units at $6
The average unit cost for inventory is

Name: A company purchased inventory as follows: 150 units at $5 350 units at $6 The average unit cost for inventory is
Brand: Quizplus
Rating: 4.8 (55 reviews)

Question

Quizplus · Accepted Answer

The average unit cost is calculated by dividing the total cost of inventory by the total number of units. Total cost = (150 units * $5) + (350 units * $6) = $750 + $2100 = $2850. Total units = 150 + 350 = 500. Average unit cost = $2850 / 500 = $5.70.

A Company Purchased Inventory as Follows: 150 Units at $5