What is the weighted average

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Reference no: EM13145624

A company reports the following beginning inventory and purchases for the month of January. On January 26, the company sells 360 units. What is the cost of the 155 units that remain in ending inventory at January 31, assuming costs are assigned based on a perpetual inventory system and use of (a) FIFO, (b) LIFO, and (c) weighted average? (Do not round unit costs. Round your answers to nearest whole dollar amount. Omit the "tiny_mce_markerquot; sign in your response.)

Units

Unit Cost

Beginning inventory on January 1

320

$ 6.00

Purchase on January 9

6.40

Purchase on January 25

110

6.60

What is the weighted average?

Reference no: EM13145624

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