Calculate the weighted-average unit cost for each sale. (R
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Crane Department Store uses a perpetual inventory system. Data for product E2-D2 includes the following purchases.
Date
May 7
July 28
Number of Units
(a1)
40
June 1 sale
30
Aug. 27 sale
On June 1, Crane sold 20 units, and on August 27, 30 more units.
Unit Price
Calculate the weighted-average unit cost for each sale. (Round answers to 3 decimal places, e.g. 5.125.)
$
$18
$
23
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