Wildhorse Company uses a periodic inventory system and reports the following for the month of June. Explanation Units Unit Cost Total Cost Inventory $5 $ 650 12 Purchase 2,220 Date June 1 23 30 (a1) Purchase Inventory 130 370 220 240 6 Weighted average unit cost 1,540 Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.)
Wildhorse Company uses a periodic inventory system and reports the following for the month of June. Explanation Units Unit Cost Total Cost Inventory $5 $ 650 12 Purchase 2,220 Date June 1 23 30 (a1) Purchase Inventory 130 370 220 240 6 Weighted average unit cost 1,540 Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.)
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter7: Inventories: Cost Measurement And Flow Assumptions
Section: Chapter Questions
Problem 12RE: Carla Company uses the perpetual inventory system. The following information is available for...
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![Wildhorse Company uses a periodic inventory system and reports the following for the month of June.
Explanation Units Unit Cost Total Cost
Inventory
$5
$ 650
12 Purchase
2,220
Date
June 1
23
30
(a1)
Purchase
Inventory
130
370
220
240
6
Weighted average unit cost
1,540
Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2add2073-e493-4d8e-b5ad-5a4b19fe039f%2F7d1a9521-af83-42ad-95d8-633e370ebc98%2F9xq4yu_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Wildhorse Company uses a periodic inventory system and reports the following for the month of June.
Explanation Units Unit Cost Total Cost
Inventory
$5
$ 650
12 Purchase
2,220
Date
June 1
23
30
(a1)
Purchase
Inventory
130
370
220
240
6
Weighted average unit cost
1,540
Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.)
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