Culver Company’s record of transactions for the month of April was as follows. Purchases Sales April 1 (balance on hand) 738 @ $6.00 April 3 615 @ $10.00 4 1,845 @ 6.08 9 1,722 @ 10.00 8 984 @ 6.43 11 738 @ 11.00 13 1,476 @ 6.63 23 1,476 @

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Culver Company’s record of transactions for the month of April was as follows.

Purchases
 
Sales
April 1(balance on hand) 738@$6.00 April 3 615@$10.00
4  1,845@6.08 9 1,722@10.00
8  984@6.43 11 738@11.00
13  1,476@6.63 23 1,476@11.00
21  861@6.83 27 1,107@12.00
29  615@7.04   5,658  
   6,519        
 
 
Calculate average-cost per unit. (Round answer to 2 decimal places, e.g. 2.76.)

Average-cost per unit $
 inventory method will show the highest net income.
 

 

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