Question
Marigold's Place recorded the following data: Units Unit Cost Date Received Sold On Hand 1/1 Inventory 630 $2.30 1/8 Purchased 1040 1670 3.20 1/12 Sold
Marigold's Place recorded the following data:
| Units | Unit Cost | |||
|---|---|---|---|---|
| Date | Received | Sold | On Hand | |
| 1/1 Inventory | 630 | $2.30 | ||
| 1/8 Purchased | 1040 | 1670 | 3.20 | |
| 1/12 Sold | 1220 | 450 | ||
The weighted average unit cost of the inventory at January 31 is (Round your answers to 2 decimal places):
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The Wall Street Mba
Authors: Reuben Advani
2nd Edition
007178831X, 9780071788311
