Bonita Industries markets CDs of numerous performing artists. At the beginning of March, Bonita had in beginning inventory 2,500 CDs with a unit cost of $6. During March, Bonita made the following purchases of CDs.
March 5
2,150
@
$7
March 21
4,800
@
$9
March 13
4,000
@
$8
March 26
2,150
@
$10
During March 12,000 units were sold. Bonita uses a periodic inventory system.
whats the average cost?