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Consider the following information maintained by a retail entity that maintains a perpetual inventory system and uses the weighted average method. Date 1-Jul Unit Price
Consider the following information maintained by a retail entity that maintains a perpetual inventory system and uses the weighted average method. Date 1-Jul Unit Price Quantity Extended $8.10 $1,620 200 Beg. Balance July Purchases: 1 2. 3 4 200 200 2-Jul 5-Jul 8-Jul 13-Jul $8.15 $8.25 $8.30 $8.40 $1,630 $1,650 $1,660 $1,680 200 200 July Customer Sales: Date 1 2 3 3-Jul 9-Jul 15-Jul Unit Price Quantity Extended $20.00 200 $4,000 $20.00 200 $4,000 $20.00 200 $4,000 What is the per unit cost that the company will use to value the cost of goods sold for the July 9th sale of 200 units of inventory? If applicable, round your answers to 3 decimal places
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