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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.

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Expert Solution

Group 1 Group 2 Group 3
Units 350 200 900
Price $            12.00 $             20.00 $                 2.50
Relative Sales Value $       4,200.00 $       4,000.00 $         2,250.00
Cost Allocated $             3,617 $             3,445 $               1,938
Unit Cost $            10.33 $             17.22 $                 2.15

ekkarill92 answered 1 year ago
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