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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:

Feb. 20		1,716		@		$8		Aug. 12		858		@		$12
May 5		1,430		@		$9		Dec. 8		572		@		$13

Lu Company uses a periodic inventory system. Sales totaled 4,290 units.

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(a)


	Your answer is correct.

Determine the cost of goods available for sale.

The cost of goods available for sale		$
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Attempts: 1 of 5 used

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(b1)


	Your answer is incorrect. Try again.

Calculate average cost per unit. (Round answer to 2 decimal places, e.g. $2.25.)

Average cost per unit

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I only need B1 answered

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.

Date	Description	Units	Unit Cost or Selling Price
October 1	Beginning inventory	68	$21
October 9	Purchase	136	22
October 11	Sale	113	31
October 17	Purchase	79	23
October 22	Sale	68	36
October 25	Purchase	90	24
October 29	Sale	124	36

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(a1)


	Your answer is incorrect. Try again.

Calculate cost per unit. (Round answers to 3 decimal places, e.g. $5.250.)

Weighted-average cost per unit

$ Entry field with incorrect answer now contains modified data

Only a1 needs to be answered

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