A company had the following inventory transactions during the month of January 2018. Receipts Jan. 1 500 units @ $20 each Jan. 5 1,000 units @ $30 each Jan 10 600 units @ $40 each Select one: Issues What is the weighted average unit cost of closing inventory to the nearest dollar? O a. $36 O b. $45 O c. $33 O d. $40 Jan. 8 1,200 units @ $50 each
A company had the following inventory transactions during the month of January 2018. Receipts Jan. 1 500 units @ $20 each Jan. 5 1,000 units @ $30 each Jan 10 600 units @ $40 each Select one: Issues What is the weighted average unit cost of closing inventory to the nearest dollar? O a. $36 O b. $45 O c. $33 O d. $40 Jan. 8 1,200 units @ $50 each
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![A company had the following inventory transactions during the month of January 2018.
Receipts
Jan. 1 500 units @ $20 each
Jan. 5 1,000 units @ $30 each
Jan 10 600 units @ $40 each
Select one:
Issues
What is the weighted average unit cost of closing inventory to the nearest dollar?
O a. $36
O b. $45
O c.
$33
O d. $40
Jan. 8 1,200 units @ $50 each](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F60c5470a-a88b-4351-9aea-1f7f975762e0%2Ff91c42b7-7b28-46dc-97db-48650132037d%2Fibxw14j_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A company had the following inventory transactions during the month of January 2018.
Receipts
Jan. 1 500 units @ $20 each
Jan. 5 1,000 units @ $30 each
Jan 10 600 units @ $40 each
Select one:
Issues
What is the weighted average unit cost of closing inventory to the nearest dollar?
O a. $36
O b. $45
O c.
$33
O d. $40
Jan. 8 1,200 units @ $50 each
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