Austell Supplies uses a periodic inventory system. For May, when the company sold 840 units, the following information is available: Date Units Unit Cost Total Cost May 1 inventory 310 $18 $5,580 May 12 purchase 400 $17 $6,800 May 26 purchase 390 $22 What is the Weighted Average Cost per Unit? $8,580

Austell Supplies uses a periodic inventory system. For May, when the company sold 840 units, the following information is available: Date Units Unit Cost Total Cost May 1 inventory 310 $18 $5,580 May 12 purchase 400 $17 $6,800 May 26 purchase 390 $22 What is the Weighted Average Cost per Unit? $8,580

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter7: Inventories: Cost Measurement And Flow Assumptions

Section: Chapter Questions

Problem 12RE: Carla Company uses the perpetual inventory system. The following information is available for...

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