question archive The inventory records for Radford Co
The inventory records for Radford Co
Subject:AccountingPrice:3.87 Bought7
The inventory records for Radford Co. reflected the following
-Beginning inventory @ May 1
100
units @
$ 4.00
First purchase @ May 7
300
units @
$ 4.40
second purchase @ May 17
500
units @
$ 4.60
Third purchase @ May 23
100
units @
$ 4.80
Sales @ May 31
900
units @
$ 7.80
Determine the weighted average cost per unit for May. A) $4.45
B) $4.50
C) $5.12
D) $6.34
The inventory records for Radford Co. reflected the following
|
-Beginning inventory @ May 1 |
100 |
units @ |
$ 4.00 |
|
First purchase @ May 7 |
300 |
units @ |
$ 4.40 |
|
second purchase @ May 17 |
500 |
units @ |
$ 4.60 |
|
Third purchase @ May 23 |
100 |
units @ |
$ 4.80 |
|
Sales @ May 31 |
900 |
units @ |
$ 7.80 |
|
Determine the weighted average cost per unit for May. A) $4.45 B) $4.50 C) $5.12 D) $6.34 |
|
|
|
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