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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.)

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.)

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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.)
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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