Sunland Company Inc. had a beginning inventory of 120 units of Product RST at a cost of $7 per unit. During the year, purchases were: Feb. 20 May 5 620 units at 555 units at $8 $9 Aug. 12 Dec. 8 435 120 units at units at $10 $11 Sunland Company uses a periodic inventory system. Sales totaled 1,530 units.
Sunland Company Inc. had a beginning inventory of 120 units of Product RST at a cost of $7 per unit. During the year, purchases were: Feb. 20 May 5 620 units at 555 units at $8 $9 Aug. 12 Dec. 8 435 120 units at units at $10 $11 Sunland Company uses a periodic inventory system. Sales totaled 1,530 units.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Topic Video
Question
100%
![Question 8 of 8
Feb. 20
May 5
Sunland Company Inc. had a beginning inventory of 120 units of Product RST at a cost of $7 per unit. During the year, purchases were:
620
(a)
<
555
>
units at
units at
$8
$9
The cost of goods available for sale
Aug. 12
Determine the cost of goods available for sale.
Dec. 8
Weighted-average cost per unit
eTextbook and Media
Sunland Company uses a periodic inventory system. Sales totaled 1,530 units.
435
$
$
120
units at
units at
Calculate weighted-average cost per unit. (Round answer to 3 decimal places, e.g. 5.125.)
$10
$11
-/2
¡](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa2f748c7-b7a1-417e-8496-dbc253d88cb8%2F4933a143-a466-4acc-8cd8-a66cee0d2b47%2F2iu6lyh_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 8 of 8
Feb. 20
May 5
Sunland Company Inc. had a beginning inventory of 120 units of Product RST at a cost of $7 per unit. During the year, purchases were:
620
(a)
<
555
>
units at
units at
$8
$9
The cost of goods available for sale
Aug. 12
Determine the cost of goods available for sale.
Dec. 8
Weighted-average cost per unit
eTextbook and Media
Sunland Company uses a periodic inventory system. Sales totaled 1,530 units.
435
$
$
120
units at
units at
Calculate weighted-average cost per unit. (Round answer to 3 decimal places, e.g. 5.125.)
$10
$11
-/2
¡
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
Step 1 Introduction
The question is based on the concept of Cost Accounting.
Weighted average cost is calculated by dividing the total cost of inventory by the total units of inventory.
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education