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Martinez Corp. uses a periodic inventory system and reports the following for the month of June. Date June 1 12 23 30 Explanation Units Unit

Martinez Corp. uses a periodic inventory system and reports the following for the month of June. Date June 1 12 23 30 Explanation Units Unit Cost Inventory Purchases Purchases Inventory 120 325 230 250 tA $5 Weighted-average unit cost $ 6 7 Total Cost $600 1,950 Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) 1,610 2.163
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Martinez Corp. uses a periodic inventory system and reports the following for the month of June. Calculate weighted-average unit cost. (Round answer to 3 decimal places, eg. 5.125.) Weighted-average unit cost

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