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arkspur, Inc. uses a periodic inventory system. Its records show the following for the month of May, in which 80 units were sold. Date Explanation
arkspur, Inc. uses a periodic inventory system. Its records show the following for the month of May, in which 80 units were sold.
| Date | Explanation | Units | Unit Cost | Total Cost | ||||
|---|---|---|---|---|---|---|---|---|
| May 1 | Inventory | 34 | $9 | $306 | ||||
| 15 | Purchase | 26 | 10 | 260 | ||||
| 24 | Purchase | 40 | 11 | 440 | ||||
| Total | 100 | $1,006 |
Calculate the weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.)
| Weighted-average unit cost | $___________ |
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