Coronado's Place recorded the following dа ta:

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:

Question

Business

Hassan Conner

15 May, 09:09

Coronado's Place recorded the following dа ta:

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

Answers (1)

Know the Answer?

Leo Vaughn · Answer 1

The weighted average unit cost of the inventory at January 31 is $496

Explanation:

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 Balance

1/1 Inventory 540 units at $2.80 540 $1,512 $1,512

1/8 Purchased 960 units at $2.3 1500 $2208 $3,720

1/12 Sold 1,300 at ($3,720/1500) 200 $3,224 $496

Coronado's Place recorded the following dа ta:Date Unit Received Sold On Hand Unit Cost1/1 Inventory 540 $2.801/8 Purchased 960 1500 2.301/12 Sold 1300 200The weighted average unit cost of the inventory at January 31 is:

Coronado's Place recorded the following dа ta:

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: