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Sarasota Corp. uses a periodic inventory system. Its records show the following for the month of May, in which 71 units were sold Date May
Sarasota Corp. uses a periodic inventory system. Its records show the following for the month of May, in which 71 units were sold Date May 1 Inventory 15 Explanation Units Unit Cost Total Cost 30 27 39 96 $9 $270 270 429 $969 10 Purchase Purchase Total Calculate the weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average unit cost LINK TO TEXT VIDEO: APPLIED SKILLS VIDEO: SIMILAR EXERCISE Calculate the ending inventory at May 31 using the FIFO, LIFO and average-cost methods. (Round answers to 0 decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST The ending inventory at May 31
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