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Sunburst sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Below is information relating to Sunburst%u2019s purchases of Xpert snowboards during September. During the same month, 116 Xpert snowboards were sold.

Date	Explanation	Units	Unit Cost	Total Cost
Sept. 1	Inventory	12	$100	$1,200
Sept. 12	Purchases	45	103	4,635
Sept. 19	Purchases	20	104	2,080
Sept. 26	Purchases	50	105	5,250
	Totals	127		$13,165

Additional data regarding the company%u2019s sales of Xpert snowboards are provided below. Assume that Sunburst uses a perpetual inventory system.

Date		Units
Sept. 5	Sale	8
Sept. 16	Sale	48
Sept. 29	Sale	60
	Totals	116

Calculate the average unit cost.

September 1		$
September 5		$
September 12		$
September 16		$
September 19		$
September 26		$
September 29		$

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9955401

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