What is the weighted average unit cost using the following information? Beginning Inventory 11/1: 1,000 units at $25 per unit Purchase 11/10: 2,500 units at $30 per unit Purchase 11/15: 1,500 units at $20 per unit Sold 11/25: 2,500 units for $50 each $25.00 $26.00 $30.00 $36.00

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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What is the weighted average unit cost using the following
information?
Beginning Inventory 11/1: 1,000 units at $25 per unit
Purchase 11/10: 2,500 units at $30 per unit
Purchase 11/15: 1,500 units at $20 per unit
Sold 11/25: 2,500 units for $50 each
$25.00
$26.00
$30.00
$36.00
Transcribed Image Text:What is the weighted average unit cost using the following information? Beginning Inventory 11/1: 1,000 units at $25 per unit Purchase 11/10: 2,500 units at $30 per unit Purchase 11/15: 1,500 units at $20 per unit Sold 11/25: 2,500 units for $50 each $25.00 $26.00 $30.00 $36.00
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