Oriole Company is a multiproduct firm. Presented below is information concerning one of its products, the Hawkeye. Date Transaction Quantity Price/Cost 1/1 Beginning inventory 3,000 $18 2/4 Purchase 4,000 27 2/20 Sale 4,500 44 4/2 Purchase 5,000 34 11/4 Sale 4,200 49

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Oriole Company is a multiproduct firm. Presented below is information concerning one of its products, the Hawkeye.
Date
Transaction
Quantity
Price/Cost
1/1
Beginning inventory
3,000
$18
2/4
Purchase
4,000
27
2/20
Sale
4,500
44
4/2
Purchase
5,000
34
11/4
Sale
4,200
49
(a)
× Your answer is incorrect.
Calculate the weighted-average cost per unit. (Round answer to 4 decimal places, e.g. 2.7613.)
Weighted-average cost per unit
$
18
Transcribed Image Text:Current Attempt in Progress Oriole Company is a multiproduct firm. Presented below is information concerning one of its products, the Hawkeye. Date Transaction Quantity Price/Cost 1/1 Beginning inventory 3,000 $18 2/4 Purchase 4,000 27 2/20 Sale 4,500 44 4/2 Purchase 5,000 34 11/4 Sale 4,200 49 (a) × Your answer is incorrect. Calculate the weighted-average cost per unit. (Round answer to 4 decimal places, e.g. 2.7613.) Weighted-average cost per unit $ 18
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