You have the following information for Pharoah Inc. for the month ended October 31, 2025. Pharoah uses a periodic system for inventory. Date Oct. 1 Oct. 9 Oct. 11 Oct. 17 Oct. 22 Oct. 25 Oct. 29 Description Beginning inventory Purchase Sale Purchase Sale Purchase Sale Units Unit Cost or Selling Price $26 60 130 90 90 60 70 100 28 40 29 45 31 45

Financial Accounting
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ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter17: Financial Statement Analysis
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You have the following information for Pharoah Inc. for the month ended October 31, 2025. Pharoah uses a periodic system for
inventory.
Date
Oct. 1
Oct. 9
Oct. 11
Oct. 17
Oct. 22
Oct. 25
Oct. 29
(a1)
Description
Beginning inventory
Purchase
Sale
Purchase
Sale
Purchase
Sale
Units Unit Cost or Selling Price
$26
Weighted-average cost per unit
60
130
90
90
60
70
100
28
$
40
29
45
Calculate the weighted-average cost. (Round answer to 3 decimal places, e.g. 5.125.)
31
45
A
Transcribed Image Text:You have the following information for Pharoah Inc. for the month ended October 31, 2025. Pharoah uses a periodic system for inventory. Date Oct. 1 Oct. 9 Oct. 11 Oct. 17 Oct. 22 Oct. 25 Oct. 29 (a1) Description Beginning inventory Purchase Sale Purchase Sale Purchase Sale Units Unit Cost or Selling Price $26 Weighted-average cost per unit 60 130 90 90 60 70 100 28 $ 40 29 45 Calculate the weighted-average cost. (Round answer to 3 decimal places, e.g. 5.125.) 31 45 A
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