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The inventory records for Radford Company reflected the following: Beginning inventory @ May 1 First purchase @ May 7 Second purchase @ May 17
The inventory records for Radford Company reflected the following: Beginning inventory @ May 1 First purchase @ May 7 Second purchase @ May 17 Third purchase @ May 23 Sales @ May 31 400 units @ $2.40 500 units @ $2.60 700 units @ $2.70 300 units @ $2.80 1,500 units @ $4.30 If the company uses the weighted-average inventory cost flow method, what is the average cost per unit (rounded) for May? Multiple Choice $2.63 $2.59 $2.69 $4.30
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