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Calculate average cost for each given unit

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Lambert Center began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales.

Purchases

Date

Units

Unit Cost

Sales Units

July 1

11

$101

July 6

8

July 11

5

$108

July 14

5

July 21

7

$116

July 27

5

Calculate average cost for each unit.

Reference no: EM13864474

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