The Following Is the Inventory for the Year for Brown

question 5

Short Answer

The following is the inventory for the year for Brown Lumber: $$\begin{array} { l l l l } \text { Date } & \text { Units } & \text { Cost per unit } & \text { Total Cost } \\\hline \text { Beginning inventory, Jan. 1 } & 500 & \$ 10 & \$ 5,000 \\\text { Purchase, March } 15 & 2,500 & \$ 11 & 27,500 \\\text { Purchase, September 20 } & 1,500 & \$ 13 & 19,500 \\\text { Purchase, December 10 } & 500 & \$ 14 & 7,000 \\\hline \text { Total Units Available } & 5,000 & & \$ 59,000\end{array}$$ Using the average cost pricing method, Brown Lumber determined that the dollar value of the ending inventory was $7,316. How many actual units of plywood are included in this ending inventory? (Round the average cost per unit to the nearest cent)