Ask Question
6 May, 09:24

The accounting records of Ohm Electronics show the following data. Beginning inventory3,000 units at$5 Purchases8,000 units at$7 Sales9,400 units at$10 Calculate average unit cost. (Round answer to 3 decimal places, e. g. 5.125.) Average unit cost $enter Average unit cost in dollars rounded to 3 decimal places per unit

+5
Answers (1)
  1. 6 May, 09:46
    0
    The average unit cost per unit = $6.455 per unit

    Explanation:

    The average unit cost is the sum of he cost of opening inventory and purchase for the period divided by the total units for the period

    Average Unit cost=

    $ ((3,000 * 5) + (8,000 * 7)) / (3000+8000) units

    =$ 71000/11,000 units

    = $6.455 per unit

    The average unit cost per unit = $6.455 per unit
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The accounting records of Ohm Electronics show the following data. Beginning inventory3,000 units at$5 Purchases8,000 units at$7 Sales9,400 ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers