Please review below? ulate the average unit cost for the inventory table shown below.Cost perRetail price Total retavalueUnitsTotalper unit$985$2,115$1,996$610purchased40unite of purchaseginning inventorybruary 5bruary 19arch 3Goods available foraleUnits soldEnding inventorycost$34,000$1,760 $36,960$16,575$12,740$39,400$44,415$33,932$15,860$8502117$97526$490104$100,275$133,6078222(Round to the nearest cent as needed.)%24

Average unit cost: It is calculated by dividing the goods available for sale by the total cost of…

ulate the average unit cost for the inventory table shown below. Cost per Retail price Total re value $39,40 $44,41 $33,93. $15,860 Units Total e of purchase ginning inventory pruary 5 bruary 19 arch 3 oods available for ale purchased 40 21 17 per unit $985 $2,115 $1,996 $610 unit $850 cost $34,000 $1,760 $36,960 $975 $16,575 26 $490 $12,740 104 $100,275 $133,60 Units sold Ending inventory 82 22 (Round to the nearest cent as needed.)

ulate the average unit cost for the inventory table shown below. Cost per Retail price Total re value $39,40 $44,41 $33,93. $15,860 Units Total e of purchase ginning inventory pruary 5 bruary 19 arch 3 oods available for ale purchased 40 21 17 per unit $985 $2,115 $1,996 $610 unit $850 cost $34,000 $1,760 $36,960 $975 $16,575 26 $490 $12,740 104 $100,275 $133,60 Units sold Ending inventory 82 22 (Round to the nearest cent as needed.)

Corporate Financial Accounting

15th Edition

ISBN:9781337398169

Author:Carl Warren, Jeff Jones

Publisher:Carl Warren, Jeff Jones

Chapter6: Inventories

Section: Chapter Questions

Problem 7DQ: Using the following data, how should the inventory be valued under lower of cost or market? Original...

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