Solved

Using the Figures Below from Draco Company, What Is the Average

Question 76

Short Answer

Using the figures below from Draco Company, what is the average cost per unit? (Round the average cost per unit to nearest cent)  Date  Units  Cost per unit  Beginning inventory, Jan. 1 260$3.25 Purchase, April 18120$3.90 Purchase, August 19 60$2.80 Purchase, December 20 160$3.50\begin{array} { l l l } \text { Date } & \text { Units } & \text { Cost per unit } \\\hline \text { Beginning inventory, Jan. 1 } & 260 & \$ 3.25 \\\text { Purchase, April } 18 & 120 & \$ 3.90 \\\text { Purchase, August 19 } & 60 & \$ 2.80 \\\text { Purchase, December 20 } & 160 & \$ 3.50\end{array}

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents