A business recorded the following inventory transactions. 1 March opening inventory: 20 items at $7.50 each 3 March sales of inventory: 12 items at $9 each 6 March purchases of inventory: 18 items at $8.20 each What is the cost per unit of closing inventory on 7 March by using the AVCO (perpetual) method?
- A$7.29
- B$7.85
- C$7.98
- D$8.23