Swifty Company uses a periodic inventory system, For April, when the company sold 420 units, the following information is available. April 1 inventory April 15 purchase April 23 purchase (81) Units Unit Cost $13 16 240 440 320 1.000 A 16.17 Total Cost $3.120 7040 5.440 $15,600 Calculate weighted average cost per unit (Round answer to 2 decimol ploces, d 22

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Swifty Company uses a periodic inventory system. For April, when the company sold 420 units, the following information i
April 1 inventory
April 15 purchase
April 23 purchase
(31)
Units
240
440
320
1.000
Unit Cost
$13
Weighted average cost per unit
16
17
Total Cost
$3.120
7.040
5.440
$15,600
Calculate weighted-average cost per unit (Round answer to 2 decimol ploces, es 2.763
ailable.
Transcribed Image Text:Current Attempt in Progress Swifty Company uses a periodic inventory system. For April, when the company sold 420 units, the following information i April 1 inventory April 15 purchase April 23 purchase (31) Units 240 440 320 1.000 Unit Cost $13 Weighted average cost per unit 16 17 Total Cost $3.120 7.040 5.440 $15,600 Calculate weighted-average cost per unit (Round answer to 2 decimol ploces, es 2.763 ailable.
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