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Problem 6-5A You have the following information for Sheffield Corp. for the month ended October 31, 2017. Sheffield Corp. uses a periodic method for inventory.
Problem 6-5A You have the following information for Sheffield Corp. for the month ended October 31, 2017. Sheffield Corp. uses a periodic method for inventory. Date Description Units Unit Cost or Selling Price $24 58 Oct. 1 Beginning inventory Oct. 9 Purchase 132 26 Oct. 11 Sale 35 Oct. 1 Purchase Oct. 22 Sale 62 Oct. 25 Purchase 71 29 Oct. 29 sale 101 Your answer is correct. Calculate the weighted-average cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted average cost per unit 26.538
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