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Adam has 40 T-8 light fixtures that he purchased for $12 each and 240 T-5 light fixtures that he purchased for $16 each on the
Adam has 40 T-8 light fixtures that he purchased for $12 each and 240 T-5 light fixtures that he purchased for $16 each on the floor of his lighting supply store. He also has 80 T-8 fixtures and 120 T-5 fixtures in his warehouse.
What is the unit cost of the light fixtures if Adam implements the weighted average inventory valuation method?
- $15.00
- $16.00
- $13.00
- $12.00
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