Sunburst sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Below is information relating to Sunburst%u2019s purchases of Xpert snowboards during September. During the same month, 116 Xpert snowboards were sold.
| Date |
|
Explanation |
|
Units |
|
Unit Cost |
|
Total Cost |
| Sept. 1 |
|
Inventory |
|
12 |
|
$100 |
|
$1,200 |
| Sept. 12 |
|
Purchases |
|
45 |
|
103 |
|
4,635 |
| Sept. 19 |
|
Purchases |
|
20 |
|
104 |
|
2,080 |
| Sept. 26 |
|
Purchases |
|
50 |
|
105 |
|
5,250 |
|
|
Totals |
|
127 |
|
|
|
$13,165 |
Additional data regarding the company%u2019s sales of Xpert snowboards are provided below. Assume that Sunburst uses a perpetual inventory system.
| Date |
|
|
|
Units |
| Sept. 5 |
|
Sale |
|
8 |
| Sept. 16 |
|
Sale |
|
48 |
| Sept. 29 |
|
Sale |
|
60 |
|
|
Totals |
|
116 |
Calculate the average unit cost.