Dyna Distribution markets CDs of the performing artist King James. At the beginning of March, Dyna had in beginning inventory 1,500 King James CDs with a unit cost of $7 During March, Dyna made the following purchases of King James CDs.
March 5 3,500 @ $8 March 21 2,000 @ $10
March 13 4,000 @ $9 March 26 2,000 @ $11
During March, 10,000 units were sold. Dyna uses a periodic inventory system. Calculate the average cost per unit.
For your review, I have attached a formatted MS Excel spreadsheet which ...
The attached MS Excel spreadsheet contains a detailed example on the calculation of average cost per unit for the Dyna Distribution exercise.