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Which is the weighted average cost of the fuses

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Reference no: EM132687119

Troy has 75 fuses that he purchased for $4 each and 17 air filters that he purchased for $12 each on the floor of his auto repair shop. He has 80 of the same fuses and nine of the same air filters in his storeroom.

Problem 1: Which of the following is the weighted average cost of the fuses and air filters being sold if Troy implements the weighted average method to inventory these supplies?

Option 1: -$4.02

Option 2: -$4.09

Option 3: -$5.15

Option 4: -$5.48

Reference no: EM132687119

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