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What is the weighted averge cost per unit

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Monty Distribution markets CDs of the performing artist Fishe. At the beginning of October, Monty had in beginning inventory 3,200 of Fishe's CDs with a unit cost of $6. During October, Monty made the following purchases of Fishe's CDs.

Oct. 3..;@ $7
Oct. 1..;@ $9
Oct. 9..;@ $8
Oct. 256,400 @ $10

During October, 17,440 units were sold. Monty uses a periodic inventory system.

Cost of goods available for sale $ 199200

Problem 1: Calculate weighted average cost per unit. What is the weighted averge cost per unit?

Reference no: EM132696932

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