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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 Third
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 2,200 units @ $6.00 2,300 units @ $6.20 2,500 units @ $6.30 2,100 units @ $6.40 6,900 units @ $7.90 If the company uses the weighted-average inventory cost flow method, what is the average cost per unit (rounded) for May?
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