Question
In: Accounting
Company ABC divides its inventory into three different groups. Group 1 has 350 units and the...
Company ABC divides its inventory into three different groups. Group 1 has 350 units and the price per unit is $12. Group 2 has 200 units and the price per unit is $20. Group 3 has 900 units and the price per unit is $2.5. The purchase price for all units was $9,000.
Determine the cost per unit for each group. Use the relative sales value method.
Solutions
Expert Solution
Calculate cost per unit for each group
| Relative sales | Cost per unit | ||
| Group 1 | 350*12 = 4200 | 4200/10450*9000 | 10.33 or 10 |
| Group 2 | 200*20 = 4000 | 4000/10450*9000 | 17.22 or 17 |
| Group 3 | 900*2.5 = 2250 | 2250/10450*9000 | 2.15 or 2 |
| Total | 10450 | ||
ekkarill92 answered 2 years agoRelated Solutions
Company ABC divides its inventory into three different groups. Group 1 has 350 units and the...
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