You have the following information for Blue Spruce Corp. for the month ended October 31, 2022. Blue Spruce uses a periodic method for inventory. Date Description Units Unit Cost or Selling Price Oct. 1 Beginning inventory 50 $22Oct. 9 Purchase 125 24Oct. 11 Sale 90 45Oct. 17 Purchase 90 25Oct. 22 Sale 50 50Oct. 25 Purchase 60 27Oct. 29 Sale 100 50Calclate the wheighted average cost.

Question

Business

Mya Strong

11 April, 07:30

You have the following information for Blue Spruce Corp. for the month ended October 31, 2022. Blue Spruce uses a periodic method for inventory. Date Description Units Unit Cost or Selling Price Oct. 1 Beginning inventory 50 $22Oct. 9 Purchase 125 24Oct. 11 Sale 90 45Oct. 17 Purchase 90 25Oct. 22 Sale 50 50Oct. 25 Purchase 60 27Oct. 29 Sale 100 50Calclate the wheighted average cost.

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Answers (1)

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Cheese · Answer 1

Weighted Average Cost = $25,31

Explanation:

Number of Units Cost Per Unit Total Cost Av. Cost

Beginning Inventory 50 $22 $1,100 $22

October 9 125 $24 $4,100 $23.43

October 11 (90) $1,991.43 $23.43

October 17 90 $25 $4,241.42 $24.23

October 22 (50) $3,063.75 $24.23 October 25 60 $27 $4,683.75 $25.31

October 29 (100) $2,152 $25,31