The inventory records for Radford Company reflected the following 600 units @ $2.80 Beginning inventory on May 1 First purchase on May 7 second purchase on May 17 Third purchase on May 23 Sales on May 31 700 units e $3.00 900 units @ $3.10 500 units e $3.20 2,100 units e $4.70 What is the weighted average cost per unit for May?

The inventory records for Radford Company reflected the following 600 units @ $2.80 Beginning inventory on May 1 First purchase on May 7 second purchase on May 17 Third purchase on May 23 Sales on May 31 700 units e $3.00 900 units @ $3.10 500 units e $3.20 2,100 units e $4.70 What is the weighted average cost per unit for May?

Name: The inventory records for Radford Company reflected the following600
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Description: The inventory records for Radford Company reflected the following600 units @ $2.80Beginning inventory on May 1First purchase on May 7second purchase on May 17Third purchase on May 23700 units @ $3.00900 units e $3.10500 units @ $3.20Sales on May 312

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The inventory records for Radford Company reflected the following Beginning inventory on May 1 First purchase on May 7 second purchase on May 17 Third purchase on May 23 1,800 units @ $5.20 1,900 units @ $5.40 2,100 units @ $5.50 1,700 units @ $5.60 Sales on May 31 5,700 units @ $7.10 What is the weighted average cost per unit for May? Multiple Choice $5.37 $5.43
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