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Compute the weighted average unit cost

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Question - Assume Nile.cum began September with 16 units of inventory that cost a total of $304. During September, Nile purchased and sold goods as follows:

Sep. 8

Purchase

48 units @$20

14

Sale

40 units @$40

22

Purchase

32 units @$22

27

Sale

48 units @$40

Suppose Nile.com used the weighted-average inventory mating method and the perpetual inventory system. Compute the weighted average unit cost of the company's inventory on hand at September 8.

Reference no: EM131600366

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