b1.docx
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Problem 6-3A
Lu Company had a beginning inventory of 1,144 units of Product Ribo at a cost of $2 per unit. During the year, purchases were:
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Feb. 20
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1,716
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@
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$8
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Aug. 12
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858
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@
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$12
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May 5
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1,430
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@
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$9
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Dec. 8
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572
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@
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$13
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Lu Company uses a periodic inventory system. Sales totaled 4,290 units.
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(a)
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Your answer is correct.
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Determine the cost of goods available for sale.
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The cost of goods available for sale
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$
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Click if you would like to Show Work for this question:
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Open Show Work
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(b1)
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Your answer is incorrect. Try again.
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Calculate average cost per unit.
(Round answer to 2 decimal places, e.g. $2.25.)
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Average cost per unit
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$
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I only need B1 answered
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Problem 6-5A
You are provided with the following information for Aylesworth Inc. for the month ended October 31, 2012. Aylesworth uses a periodic method for inventory.
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Date
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Description
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Units
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Unit Cost or Selling Price
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October 1
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Beginning inventory
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68
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$21
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October 9
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Purchase
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136
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22
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October 11
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Sale
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113
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31
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October 17
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Purchase
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79
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23
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October 22
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Sale
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68
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36
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October 25
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Purchase
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90
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24
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October 29
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Sale
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124
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36
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(a1)
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Your answer is incorrect. Try again.
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Calculate cost per unit.
(Round answers to 3 decimal places, e.g. $5.250.)
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Weighted-average cost per unit
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$
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Only a1 needs to be answered
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