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Assume Red Rover began June with 52 units of merchandise inventory, with a cost of $17 per unit. During June, Red Rover purchased and sold

Assume Red Rover began June with 52 units of merchandise inventory, with a cost of $17 per unit. During June, Red Rover purchased and sold goods as follows:

June 8

Purchase

42 units @ $15

14

Sale

60 units @ $40

22

Purchase

28 units @ $25

27

Sale

42 units @ $40

Suppose Red Rover uses the weighted-average method and the perpetual inventory system. Use the Red Rover data from Question 3 to compute the weighted-average unit cost of the companys inventory on hand on June 8. Round unit cost to the nearest cent.

A. $16.11

B. $16.50

C. $18.15

D. $19.00

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