Determine the cost of goods available for sale

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Question

Carla Vista Co. had a beginning inventory of 92 units of Product RST at a cost of $7 per unit. During the year, purchases were:

Feb. 20544units at$8Aug. 12365units at$10May 5510units at$9Dec. 896units at$11

Carla Vista Co. uses a periodic inventory system. Sales totaled 1,470 units.

(a) Determine the cost of goods available for sale.

The cost of goods available for sale$

(b) Calculate Average Cost. (Round answer to 3 decimal places, e.g. 5.125.)

Reference no: EM132380354

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