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Category > Management Posted 13 Mar 2018 My Price 5.00

Flounder Corp

Question 3

Flounder Corp. uses a periodic inventory system. Its records show the following for the month of May, in which 73 units were sold.

Date

  

Explanation

  

Units

  

Unit Cost

  

Total Cost
May 1   Inventory  

29

  

$9

  

$261
15   Purchase  

23

  

10

  

230
24   Purchase  

35

  

11

  

385
    Total  

87

      

$876
 

 

Collapse question part

(a)

Calculate the weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.)
Weighted-average unit cost   $

 

Answers

Maurice Tutor
(5)
Status NEW Posted 13 Mar 2018 11:03 AM My Price 5.00

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