Question
Culver Corporation uses a periodic inventory system. Its records show the following for the month of May, in which 76 units were sold. Date Explanation
Culver Corporation uses a periodic inventory system. Its records show the following for the month of May, in which 76 units were sold.
| Date | Explanation | Units | Unit Cost | Total Cost | ||||
|---|---|---|---|---|---|---|---|---|
| May 1 | Inventory | 30 | $ 9 | $ 270 | ||||
| 15 | Purchase | 27 | 10 | 270 | ||||
| 24 | Purchase | 37 | 11 | 407 | ||||
| Total | 94 | $ 947 |
Calculate the weighted-average unit cost
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Statistics For Economics Accounting And Business Studies
Authors: Michael Barrow
7th Edition
1292118709, 978-1292118703
