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Compute the weighted average unit cost of the inventory

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Reference no: EM131813928

Question - Coronado's Place recorded the following data:

Date

Units

Unit Cost

Received

Sold

On Hand

1/1 Inventory

 

 

700

$2.10

1/8 Purchases

980

 

1680

2.70

1/12 Sold

 

1290

390

 

The weighted average unit cost of the inventory at January 31 is:

$3.10.

$2.10.

$2.39.

$2.45.

Reference no: EM131813928

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