Horne Inc uses a periodic inventory system Its records show the following for the month of May, in which107units were sold Date Explanation Units Unit Cost Total Cost May 1 Inventory 43 $13 $559 15 Purchase 36 14 504 24 Purchase 55 16 880 Total 134 $1,943 (a) Calculate the weighted average unit cost (Round answers to 3 decimal places, e g 5 125 )

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Horne Inc. uses a periodic inventory system. Its records show the following for the month of May, in which107units were sold. Date Explanation Units Unit

Horne Inc. uses a periodic inventory system. Its records show the following for the month of May, in which107units were sold.

Date	Explanation	Units	Unit Cost	Total Cost
May 1	Inventory	43	$13	$559
15	Purchase	36	14	504
24	Purchase	55	16	880
Total	134	$1,943

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

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