A company purchased inventory as follows: The average unit cost for inventory is

Name: A company purchased inventory as follows: The average unit cost for inventory is
Brand: Quizplus
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Question

A company purchased inventory as follows:  The average unit cost for inventory is

Quizplus · Accepted Answer

To find the average unit cost, we need to divide the total cost of inventory by the total number of units. 
Total cost = $1,120 ($200 + $880 + $40)
Total number of units = 100 (10 + 80 + 10)
Average unit cost = Total cost / Total number of units = $1,120 / 100 = $11.20

A Company Purchased Inventory as Follows: the Average Unit