a company sells 100 units in june. calculate the cost of goods sold using cost averaging. units received…

a company sells 100 units in june. calculate the cost of goods sold using cost averaging. units received unit cost june 4 30 $2.50 june 11 60 $2.00 june 18 20 $2.60 june 25 50 $2.10 $? per unit round to the nearest cent.

a company sells 100 units in june. calculate the cost of goods sold using cost averaging. units received unit cost june 4 30 $2.50 june 11 60 $2.00 june 18 20 $2.60 june 25 50 $2.10 $? per unit round to the nearest cent.

Answer

Explanation:

Step1: Calculate total cost of units received

First, find the cost for each batch by multiplying units received by unit - cost and then sum them up. For June 4: $30\times2.50 = 75$ For June 11: $60\times2.00=120$ For June 18: $20\times2.60 = 52$ For June 25: $50\times2.10=105$ Total cost $=75 + 120+52 + 105=352$

Step2: Calculate total number of units received

Sum up the units received in each batch. Total units $=30 + 60+20 + 50=160$

Step3: Calculate average cost per unit

Divide the total cost by the total number of units. Average cost per unit $=\frac{352}{160}=2.20$

Answer:

$2.20$