Question
Flounder Distribution markets CDs of numerous performing artists. At the beginning of March, Flounder had in beginning inventory 2,800 CDs with a unit cost of
Flounder Distribution markets CDs of numerous performing artists. At the beginning of March, Flounder had in beginning inventory 2,800 CDs with a unit cost of $6. During March, Flounder made the following purchases of CDs.
| March 5 | 3,500 | @ | $7 | March 21 | 6,200 | @ | $9 | |||
|---|---|---|---|---|---|---|---|---|---|---|
| March 13 | 4,900 | @ | $8 | March 26 | 3,600 | @ | $10 |
During March 15,000 units were sold. Flounder uses a periodic inventory system.
Calculate weighted-average cost per unit. (Round answer to 3 decimal places, e.g. 2.257.)
| Weighted-average cost per unit |
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Auditing Principles Practice And Problems
Authors: Jagdish Prakash
1st Edition
9327244745, 978-9327244748
