Question

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

Answer 1

The average unit cost per unit =$6.455 per unit

Step-by-step 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