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The inventory records for Radford Company reflected the following Beginning inventory on May 1 1,300 units @ $4.20 First purchase on May 7 1,400 units
The inventory records for Radford Company reflected the following
| Beginning inventory on May 1 | 1,300 units @ $4.20 |
|---|---|
| First purchase on May 7 | 1,400 units @ $4.40 |
| second purchase on May 17 | 1,600 units @ $4.50 |
| Third purchase on May 23 | 1,200 units @ $4.60 |
| Sales on May 31 | 4,200 units @ $6.10 |
What is the weighted average cost per unit for May?
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Frank Woods Business Accounting Volume 1
Authors: Alan Sangster, Frank Wood
13th Edition
1292084669, 9781292084664
