The following is the inventory for the year for Brown Lumber:
|
Date
|
Units
|
Cost per unit
|
Total Cost
|
|
Beginning inventory, Jan. 1
|
500
|
$10
|
mce_markernbsp; 5,000
|
|
Purchase, March 15
|
2,500
|
$11
|
27,500
|
|
Purchase, September 20
|
1,500
|
$13
|
19,500
|
|
Purchase, December 10
|
500
|
$14
|
7,000
|
|
Total Units Available
|
5,000
|
|
$59,000
|
Using the average cost pricing method, Brown Lumber determined that the dollar value of the ending inventory was $7,316. How many actual units of plywood are included in this ending inventory? (Round the average cost per unit to the nearest cent)