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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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