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Determine the weighted-average cost

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Question - The Corporation began its fiscal year with an inventory of 125 units valued at $102 per unit. During the year it made the purchases listed in the following table.

Date Units Purchased Unit Cost

February 10 500 105.00

June 3 750 108.00

August 23 600 112.00

At the end of the year, 75 units remained in inventory.

Required -

a) Determine the weighted-average cost of the beginning inventory and all units purchased during the year.

b) Determine the value of the ending inventory based on the weighted-average cost calculated in b.

Reference no: EM132695589

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