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You have the following information for Sheridan Company for the month ended October 31, 2017. Sheridan Company uses a periodic method for inventory. Date Description
You have the following information for Sheridan Company for the month ended October 31, 2017. Sheridan Company uses a periodic method for inventory.
Date | Description | Units | Unit Cost or Selling Price | |||
---|---|---|---|---|---|---|
Oct. 1 | Beginning inventory | 59 | $26 | |||
Oct. 9 | Purchase | 113 | 28 | |||
Oct. 11 | Sale | 103 | 35 | |||
Oct. 17 | Purchase | 103 | 29 | |||
Oct. 22 | Sale | 56 | 40 | |||
Oct. 25 | Purchase | 75 | 31 | |||
Oct. 29 | Sale | 102 | 40 |
Calculate the weighted-average cost. (Round answer to 3 decimal places, e.g. 5.125.)
Weighted-average cost per unit | $enter the weighted-average cost per unit in dollars rounded to 3 decimal places |
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