Question
Bulldog Companys inventory records report the following in October of the current year: Date Units and Cost per Unit Beginning October 1 8 units @
Bulldog Companys inventory records report the following in October of the current year:
| Date | Units and Cost per Unit | |
| Beginning | October 1 | 8 units @ $8 |
| First Purchase | October 2 | 15 units @ $10 |
| Second Purchase | October 12 | 10 units @ $15 |
What is the weighted average cost per unit using the information above (round the final answer to the nearest cent, i.e., 22.196 would equal 22.20)?
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Horngrens Accounting
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
11th edition
978-0133851151, 013385115X, 978-0133866889
