A company purchased inventory as follows: 100 units at $2.00 300 units at $4.00 The average unit cost for inventory is O $2.50. O $2.00. O $3.50. O $4.00.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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A company purchased inventory as follows:

- 100 units at $2.00
- 300 units at $4.00

The average unit cost for inventory is:

- ○ $2.50
- ○ $2.00
- ○ $3.50
- ○ $4.00
Transcribed Image Text:A company purchased inventory as follows: - 100 units at $2.00 - 300 units at $4.00 The average unit cost for inventory is: - ○ $2.50 - ○ $2.00 - ○ $3.50 - ○ $4.00
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