Question

Your balance sheet shows $6,400 worth of inventory in hair products. Items are recorded in inventory at cost, and the average cost per unit is $2.43. How many units of hair products do you have ?

Answer 1

Units of hair products = 2634 units

Explanation:

Given that:

Worth of products in the inventory = $6400

Average cost per unit = $2.43

Number of units =
`(Total\ worth)/(Per\ unit\ cost)`

Number of units =
`(6400)/(2.43)`

Number of units = 2633.73

Rounding off to nearest whole number = 2634 units

Hence,

Units of hair products = 2634 units