1 answer

The inventory records for Radford Co. reflected the following Beginning inventory @ May 1 800 units...

Question:

The inventory records for Radford Co. reflected the following

Beginning inventory @ May 1 800 units @ $ 3.20
First purchase @ May 7 900 units @ $ 3.40
second purchase @ May 17 1,100 units @ $ 3.50
Third purchase @ May 23 700 units @ $ 3.60
Sales @ May 31 2,700 units @ $ 5.10

Determine the weighted average cost per unit (rounded) for May.


Answers

The answer has been presented in the supporting sheets. All the parts has been solved with detailed explanation and formulas and format. For detailed answers refer to the supporting sheets.

Answer Weighted Average Cost Per Unit for May Beginning inventory cost + purchase cost Total units available for sale 800+900

.

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