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Jeters Company uses a periodic inventory system and reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1
Jeters Company uses a periodic inventory system and reports the following for the month of June.
| Date | Explanation | Units | Unit Cost | Total Cost | ||||
|---|---|---|---|---|---|---|---|---|
| June 1 | Inventory | 120 | $5 | $ 600 | ||||
| 12 | Purchases | 370 | 6 | 2,220 | ||||
| 23 | Purchases | 200 | 7 | 1,400 | ||||
| 30 | Inventory | 230 |
Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.)
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