calculate average cost for each unit Oriole Company is a retailer operating in Calgary,...
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calculate average cost for each unit
Oriole Company is a retailer operating in Calgary, Alberta. Oriole Company uses the perpetual inventory method. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Oriole Company for the month of January 2017 Date Dec. 31 Ending inventory an. 2 Purchase Jan. 6 Sale Jan. 9 Purchase an. 10 Sale Jan. 23 Purchase Jan. 30 Sale DescriptionQuantity Unit Cost or Selling Price 154 110 174 74 53 110 136 $21 23 38 25 43 26 46
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calculate average cost for each unit