Inventory records for Dunbar Incorporated revealed the following: Date Transaction Apr. 1 Apr. 20 Number of Units Unit Cost Beginning inventory 500 $2.42 Purchase 340 2.78 Dunbar sold 580 units of inventory during the month. Ending inventory assuming weighted-average cost would be: (Round weighted-average unit cost to 4 decimal places and final answer to the nearest dollar amount.)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Inventory records for Dunbar Incorporated revealed the following:
Date Transaction
Apr. 1
Apr. 20
Number
of Units
Beginning inventory
Purchase
Unit
Cost
500 $2.42
340 2.78
Dunbar sold 580 units of inventory during the month. Ending inventory assuming weighted-average cost would be: (Round
weighted-average unit cost to 4 decimal places and final answer to the nearest dollar amount.)
Transcribed Image Text:Inventory records for Dunbar Incorporated revealed the following: Date Transaction Apr. 1 Apr. 20 Number of Units Beginning inventory Purchase Unit Cost 500 $2.42 340 2.78 Dunbar sold 580 units of inventory during the month. Ending inventory assuming weighted-average cost would be: (Round weighted-average unit cost to 4 decimal places and final answer to the nearest dollar amount.)
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