Coronado's Place recorded the following data: Date Unit Received Sold On Hand Unit Cost 1/1 Inventory 540 $2.80 1/8 Purchased 960 1500 2.30 1/12 Sold 1300 200 The weighted average unit cost of the inventory at January 31 is:
1 answer
Question:
Coronado's Place recorded the following data:
Date Unit Received Sold On Hand Unit Cost
1/1 Inventory 540 $2.80
1/8 Purchased 960 1500 2.30
1/12 Sold 1300 200
The weighted average unit cost of the inventory at January 31 is:
Date Unit Received Sold On Hand Unit Cost
1/1 Inventory 540 $2.80
1/8 Purchased 960 1500 2.30
1/12 Sold 1300 200
The weighted average unit cost of the inventory at January 31 is:
Answers
Answer:The weighted average unit cost of the inventory at January 31 is $496Explanation:Weighted Average unit cost the average cost of units on hand on each day. It is calculated by dividing total inventory value by total available units.Date Unit Received / Sold On Hand Unit Cost Balance1/1 Inventory 540 units at $2.80 540 $1,512 $1,5121/8 Purchased 960 units at $2.3 1500 $2208 $3,720 1/12 Sold 1,300 at ($3,720/1500) 200 $3,224 $496
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