Question
Nick's Place recorded the following data: Units Unit Date Received Sold On Hand Cost 1/1 Inventory 600 $2.00 1/8 Purchased 1,000 1,600 2.40 1/12 Sold
Nick's Place recorded the following data:
|
| Units | Unit |
| Date | Received | Sold | On Hand | Cost |
| 1/1 Inventory | 600 | $2.00 |
| 1/8 Purchased | 1,000 |
| 1,600 | 2.40 |
| 1/12 Sold | 1,200 |
| 300 |
The weighted average unit cost of the inventory at January 31 is:
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Construction accounting and financial management
Authors: Steven j. Peterson
2nd Edition
135017114, 978-0135017111
