Question
Aphrodite Co. uses the periodic inventory system, and the following information about the companys frisbee inventory is available: Date Transaction Units Cost per Unit Total
Aphrodite Co. uses the periodic inventory system, and the following information about the companys frisbee inventory is available:
| Date | Transaction | Units | Cost per Unit | Total Cost |
| 1/1 | Beginning Inventory | 1,000 | $12.00 | $12,000 |
| 4/22 | Purchase | 4,000 | $14.00 | $56,000 |
| 8/25 | Purchase | 5,000 | $16.40 | $82,000 |
|
|
| 10,000 |
| $150,000 |
During the year, 7,200 frisbee were sold at $30 each.
What is the weighted average cost per unit.
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Horngrens Accounting, The Managerial Chapters
Authors: Tracie Miller Nobles, Brenda Mattison
13th Edition
0135982138, 9780135982136
