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Metlock Company uses a periodic inventory system. For April, when the company sold 650 units, the following information is available. Units Unit Cost Total Cost April 1 inventory 310 $20 $6,200 April 15 purchase 390 24 9,360 April 23 purchase 300 26 26 7,800 1,000 $23,360 (a1) Calculate weighted-average cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Weighted-average cost per unit $

Metlock Company uses a periodic inventory system. For April, when the company sold 650 units, the following information is available. Units Unit Cost Total Cost April 1 inventory 310 $20 $6,200 April 15 purchase 390 24 9,360 April 23 purchase 300 26 26 7,800 1,000 $23,360 (a1) Calculate weighted-average cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Weighted-average cost per unit $

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Metlock Company uses a periodic inventory system. For April, when the company sold 650 units, the following information is available. Units Unit Cost Total Cost April 1 inventory 310 $20 $6,200 April 15 purchase 390 24 9,360 April 23 purchase 300 26 26 7,800 1,000 $23,360 (a1) Calculate weighted-average cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Weighted-average cost per unit eTextbook and Media Save for Later $ Attempts: 0 of 3 used Submit Answer
Transcribed Image Text:Metlock Company uses a periodic inventory system. For April, when the company sold 650 units, the following information is available. Units Unit Cost Total Cost April 1 inventory 310 $20 $6,200 April 15 purchase 390 24 9,360 April 23 purchase 300 26 26 7,800 1,000 $23,360 (a1) Calculate weighted-average cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Weighted-average cost per unit eTextbook and Media Save for Later $ Attempts: 0 of 3 used Submit Answer
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