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16. The following are information about purchases and sales for main product of AMEER Inc. for year 2020: ((Beginning inventory)): 6,000 units / $5 each
16. The following are information about purchases and sales for main product of AMEER Inc. for year 2020: ((Beginning inventory)): 6,000 units / $5 each ((Purchases)): - March: 30,000 units / $7 each - August: 14,000 units / $10 each ((Sales)): - April: 35,000 units. - October: 10,000 units. AMEER uses the "Weighted Average method". Required: If you know that AMEER uses the ((periodic inventory system)), compute the "weighted average cost per unit". * (2 Points)
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