# 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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