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Oriole Company is a retailer operating in Calgary, Alberta

Accounting

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 Description Quantity Unit Cost or Selling Price
Dec. 31 Ending inventory 154 $21
Jan. 2 Purchase 110 23
Jan. 6 Sale 174 38
Jan. 9 Purchase 74 25
Jan. 10 Sale 53 43
Jan. 23 Purchase 110 26
Jan. 30 Sale 136 46

calculate the average cost for each unit

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