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27 August, 17:43

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:

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  1. 27 August, 18:50
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    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
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