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Coachlight Inc. has a periodic inventory system. The company purchased 285 units of inventory at $17.50 per unit and 470 units at $18.50 per unit.

Coachlight Inc. has a periodic inventory system. The company purchased 285 units of inventory at $17.50 per unit and 470 units at $18.50 per unit. What is the weighted average unit cost for these purchases of inventory? (Round your final answer to two decimal places.)

A. $17.50

B. $18.50

C. $18.00

D. $18.12

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