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1500 Swifty's Place recorded the following data: Units Date Received Sold On Hand Unit Cost 1/1 Inventory 500 $2.10 1/8 Purchase 1000 1500 3.00 1/12

1500 Swifty's Place recorded the following data:

Units

Date

Received

Sold

On Hand

Unit Cost

1/1 Inventory

500

$2.10

1/8 Purchase

1000

1500

3.00

1/12 Sold

1160

340

The weighted-average unit cost of the inventory at January 31 is:

$3.40

$2.70

$2.10

$2.60

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