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Nash Company uses a periodic inventory system. For April, when the company sold 450 units, the following information is available. Units Unit Cost April 1 inventory 230, $12 April 15 purchase 430 April 23 purchase 340 1,000 (a1) x Your answer is incorrect. 14 16 Total Cost $2,760 6,020 Weighted average cost per unit $ 5,440 $14,220 Calculate weighted-average cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) 27810

Nash Company uses a periodic inventory system. For April, when the company sold 450 units, the following information is available. Units Unit Cost April 1 inventory 230, $12 April 15 purchase 430 April 23 purchase 340 1,000 (a1) x Your answer is incorrect. 14 16 Total Cost $2,760 6,020 Weighted average cost per unit $ 5,440 $14,220 Calculate weighted-average cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) 27810

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Nash Company uses a periodic inventory system. For April, when the company sold 450 units, the following information is available. April 1 inventory April 15 purchase April 23 purchase (a1) Units 230 430 340 1,000 Unit Cost $12 * Your answer is incorrect. 14 16 Total Cost Weighted average cost per unit $ $2,760 6,020 5,440 $14,220 Calculate weighted average cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) 27810
Transcribed Image Text:Nash Company uses a periodic inventory system. For April, when the company sold 450 units, the following information is available. April 1 inventory April 15 purchase April 23 purchase (a1) Units 230 430 340 1,000 Unit Cost $12 * Your answer is incorrect. 14 16 Total Cost Weighted average cost per unit $ $2,760 6,020 5,440 $14,220 Calculate weighted average cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) 27810
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