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Assume Fairprice.com began June with 16 units of inventory that cost a total of $320. During June, Fairprice.com purchased and sold goods as follows: Jun.
Assume Fairprice.com began June with 16 units of inventory that cost a total of $320. During June, Fairprice.com purchased and sold goods as follows: Jun. 8 14 22 27 Purchase 48 units @ $21 Sale 40 units @ $42 Purchase 32 units @ $23 Sale 48 units @ $42 Suppose Fairprice.com used the weighted average inventory costing method and the perpetual inventory system. Compute the weighted-average unit cost of the company's inventory on hand at June 8. Round weighted average unit cost to the nearest cent. A. $22.00 B. $20.50 O C. $20.75 D. Cannot be determined from the data given
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