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Assume Nile.com began April with 14 units of inventory that cost a total of $ 266. During April, Nile.com purchased and sold goods as follows:
Assume Nile.com began April with 14 units of inventory that cost a total of $ 266. During April, Nile.com purchased and sold goods as follows: Apr. 8 Purchase 42 units @ $20 14 Sale 35 units @ $40 22 22 Purchase 28 units @$22 27 27 Sale 42 units @ $40 Suppose Nile.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 April 8. Round weighted-average unit cost to the nearest cent. O $19.75 O $21.00 O $20.00 $19.50
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