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Singleton Company's perpetual inventory records included the following information: Date Number of Units and Unit Cost Total Cost January 1 Beginning inventory 300 units @
Singleton Company's perpetual inventory records included the following information:
Date | Number of Units and Unit Cost | Total Cost | |
---|---|---|---|
January 1 | Beginning inventory | 300 units @ $12.00 | $ 3,600 |
March 4 | Purchase | 250 units @ $13.00 | 3,250 |
September 28 | Purchase | 540 units @ $14.00 | 7,560 |
Number of units sold during the year: 820 |
If Singleton uses the weighted-average cost flow method, its weighted-average cost per unit would be $13.00.
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