Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Shamrock, Inc. uses a periodic inventory system and reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1
Shamrock, Inc. uses a periodic inventory system and reports the following for the month of June.
Date | Explanation | Units | Unit Cost | Total Cost | ||||
---|---|---|---|---|---|---|---|---|
June 1 | Inventory | 105 | $5 | $ 525 | ||||
12 | Purchases | 350 | 6 | 2,100 | ||||
23 | Purchases | 200 | 7 | 1,400 | ||||
30 | Inventory | 250 |
Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.)
Weighted-average unit cost | $enter a weighted-average unit cost in dollars |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started