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Hank met with John, who supplied wood to cabinet builders, in order to help him compute his inventory using the weighted average method, John had
Hank met with John, who supplied wood to cabinet builders, in order to help him compute his inventory using the weighted average method, John had 22,000 board-feet (bf) of pine on the floor at a cost of $1.25 per bf. He had 4,000 board-feet of oak in the warehouse at a cost of $2.25 per bf, along with 2,500 board-feet of walnut at a cost of $2.95 per bf.
Using the weighted average cost method, the cost of each board-foot of wood being sold is $__________.
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