Question

Teal Company uses a periodic inventory system. For April, when the company sold 650 units, the following information is available.

Units Unit Cost Total Cost
April 1 inventory 290 $18 $5,220
April 15 purchase 400 22 8,800
April 23 purchase 310 23 7,130
1,000 $21,150

Calculate the weighted average cost per unit. (Round answer to 2 decimal places, e.g. 2.76.)

Answer 1

The average cost per unit is $ 21.15 for 1,000 unit.

Inventory Purchase Final

Q Cost Q Cost Q Cost

PURCHASE 290.00 18.00 5,220.00 400.00 22.00 8,800.00 690.00 20.32 14,020.00

PURCHASE 690.00 20.32 14,020.00 310.00 23.00 7,130.00 1,000.00 21.15 21,150.00