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.

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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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
¡
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
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.

 

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