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Pina Colada Corp. uses a periodic inventory system. Its records show the following for the month of May, in which 80 units were sold.
Pina Colada Corp. uses a periodic inventory system. Its records show the following for the month of May, in which 80 units were sold. Date Explanation May 1 Inventory Units 30 Unit Cost Total Cost $8 $240 May 15 Purchase 25 $12 $300 May 24 Purchase 45 $16 $720 Total 100 $1,260 What is the weighted-average unit cost? (Round answer to 2 decimal places,
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
10th Edition
1119491630, 978-1119491637, 978-0470534793
