You have the following information for Wildhorse Inc. for the month ended October 31, 2025. Wildhorse 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 Your answer is correct. Units Unit Cost or Selling Price 55 125 90 90 55 65 100 Weighted-average cost per unit $ $24 26.522 26 35 27 40 29 Calculate the weighted-average cost. (Round answer to 3 decimal places, e.g. 5.125.) 40

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Inventory Valuation

Before discussing the topic inventory valuation let’s discuss the meaning of inventory. In accounting, inventory is also known as stock. Inventory means all the finished goods, materials, merchandise that a business holds for the purpose of selling it in the market with the motive of earning profit.