Reference no: EM132485545
The inventory records for Radford Co. reflected the following:
Beginning inventory @ May 1, 1,600 units @ $4.80
First purchase @ May 7, 1,700 units @ $5.00
Second purchase @ May 17, 1,900 units @ $5.10
Third purchase @ May 23, 1,500 units @ $5.20
Sales @ May 31, 5,100 units @ $6.70
Find:
Question 1) If the company uses the weighted-average inventory cost flow method, show the average cost per unit