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Blossom Company uses a perpetual inventory system and reports the following for the month of June. Date June 1 12 23 30 Explanation Inventory Purchase
Blossom Company uses a perpetual inventory system and reports the following for the month of June.
Date
June 1
12
23
30
Explanation
Inventory
Purchase
Purchase
Inventory
Units
112
336
190
200
Unit Cost
$5
6
7
Total Cost
$560
2,016
1,330
(a1)
Calculate the weighted-average cost per unit, using a perpetual inventory system. Assume a sale of 388 units occurred on June 15 for a selling price of $8 and a sale of 50 units on June 27 for $9. (Round intermediate calculations to O decimal places, e.g. 152 and final answers to 3 decimal places, e.g. 5.125.)
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