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Some of the information found on a detail inventory card for Sheffield Inc. for the first month of operations is as follows. Date January 2 7 10 13 18 20 23 26 28 31 Received No. of Units 1.400 800 1,200 1.500 1.800 Unit Cost $4,47 4,77 4,92 5.07 5.22 Issued, No. of Units 900 700 500 1.100 1,000 1,500 Balance, No. of Units 1,400 500 1.300 600 1,300 200 1.700 700 2,500 1.000

Some of the information found on a detail inventory card for Sheffield Inc. for the first month of operations is as follows. Date January 2 7 10 13 18 20 23 26 28 31 Received No. of Units 1.400 800 1,200 1.500 1.800 Unit Cost $4,47 4,77 4,92 5.07 5.22 Issued, No. of Units 900 700 500 1.100 1,000 1,500 Balance, No. of Units 1,400 500 1.300 600 1,300 200 1.700 700 2,500 1.000

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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Some of the information found on a detail inventory card for Sheffield Inc. for the first month of operations is as follows. Date January 2 7 2222 2223 10 13 18 20 26 28 31 Received No. of Units 1.400 800 1,200 1.500. 1.800 Unit Cost $4,47 4.77 4.92 5.07 5.22 Issued, No. of Units 900 700 500 1.100 1,000 1,500 Balance, No. of Units 1,400 500 1.300 600 1,300 200 1.700 700 2,500 1.000
Transcribed Image Text:Some of the information found on a detail inventory card for Sheffield Inc. for the first month of operations is as follows. Date January 2 7 2222 2223 10 13 18 20 26 28 31 Received No. of Units 1.400 800 1,200 1.500. 1.800 Unit Cost $4,47 4.77 4.92 5.07 5.22 Issued, No. of Units 900 700 500 1.100 1,000 1,500 Balance, No. of Units 1,400 500 1.300 600 1,300 200 1.700 700 2,500 1.000
Calculate the weighted-average cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Weighted-average cost per unit $
Transcribed Image Text:Calculate the weighted-average cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Weighted-average cost per unit $
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