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Question 3 Raptor Sneakers has the following inventory schedule for its running shoes. Date Quantity Unit Cost Sales Price Beginning Inventory 1- Sep 40 $50
Question 3 Raptor Sneakers has the following inventory schedule for its running shoes. Date Quantity Unit Cost Sales Price Beginning Inventory 1- Sep 40 $50 Purchase 10 -Sep 25 $55 Purchase 14- Sep 30 $56 Sale 16- Sep 50 $90 Purchase 20 -Sep 35 $59 Sale 25- Sep 50 $90 Assuming the company uses Weighted Average Cost method, what is the weighted average cost for the inventory at the end of the month? Round to the nearest cent. Weighted Average Cost at the end of the month:$ (WAC)
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