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Compute the cost of each item being sold

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Question - Michael owns a hair salon and needed to compute his inventory. He had 750 hair brushes on the floor and another 400 in the storeroom. He also had 25 hair dryers on the floor and 10 in the storeroom. Each hair brush costs $9 and each hair dryer costs $300.

Using the weighted average cost method, compute the cost of each item being sold?

a) $9.13

b) $295.71

c) $17.59

d) $154.50

Reference no: EM132638227

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