Total Cost 4 40 315 100 Unit Units Units 10 45 10 40 Cost So
Total Cost $4 40 315 100 Unit Units Units 10 45 10 40 Cost Sold Beginning inventory Purchase on Apr 25 Purchase on Nov 16 Sales Makrel Sales\' cost of ending inventory using the average cost method is 10 OA. OB. $175 $145 $205 $400 C. OD. Click to select your answer
Solution
Average cost per unit = total purchase cost/total no of units = (40+315+100)/(10+45+10)
7
cost of goods in inventory =( total units in inventory-units sold)*average cost per unit = (65-40)*7
175
| Average cost per unit = total purchase cost/total no of units = (40+315+100)/(10+45+10) | 7 |
| cost of goods in inventory =( total units in inventory-units sold)*average cost per unit = (65-40)*7 | 175 |
