In its first month of operations, Concord Corporation made three purchases of merchandise in the following sequence: (1) 195 units. $9, (2) 410 units at $10, and (3) 145 units at $11. (a1) Calculate the weighted-average unit cost. (Round answer to 3 decimal places, e.g. 15.225.) Weighted-average unit cost $

Principles of Accounting Volume 2
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ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 4EB: Masonrys records show the raw materials inventory had purchases of $1,000and an ending raw materials...
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In its first month of operations, Concord Corporation made three purchases of merchandise in the following sequence: (1) 195 units at
$9, (2) 410 units at $10, and (3) 145 units at $11.
(a1)
Calculate the weighted-average unit cost. (Round answer to 3 decimal places, e.g. 15.225.)
Weighted-average unit cost
$
Transcribed Image Text:In its first month of operations, Concord Corporation made three purchases of merchandise in the following sequence: (1) 195 units at $9, (2) 410 units at $10, and (3) 145 units at $11. (a1) Calculate the weighted-average unit cost. (Round answer to 3 decimal places, e.g. 15.225.) Weighted-average unit cost $
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