Question

You have the following information for Blue Spruce Corp. for the month ended October 31, 2022. Blue Spruce uses a periodic method for inventory. Date Description Units Unit Cost or Selling Price Oct. 1 Beginning inventory 50 $22Oct. 9 Purchase 125 24Oct. 11 Sale 90 45Oct. 17 Purchase 90 25Oct. 22 Sale 50 50Oct. 25 Purchase 60 27Oct. 29 Sale 100 50Calclate the wheighted average cost.

Answer 1

Weighted Average Cost = $25,31

Step-by-step explanation:

Number of Units Cost Per Unit Total Cost Av. Cost

Beginning Inventory 50 $22 $1,100 $22

October 9 125 $24 $4,100 $23.43

October 11 (90) $1,991.43 $23.43

October 17 90 $25 $4,241.42 $24.23

October 22 (50) $3,063.75 $24.23 October 25 60 $27 $4,683.75 $25.31

October 29 (100) $2,152 $25,31