Exercise 6-5 (Part Level Submission)

Teal Mountain Inc. uses a periodic inventory system. Its records show the following for the month of May, in which 79 units were sold.

Date		Explanation		Units		Unit Cost		Total Cost
May 1		Inventory		30		$8		$240
15		Purchase		25		9		225
24		Purchase		39		10		390
		Total		94				$855

(a)

Calculate the weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.)

Weighted-average unit cost

$