Question

nventory records for Water Incorporated revealed the following: Date Transaction Number of Units Unit Cost July 1 Beginning inventory 520 $ 2.48 July 25 Purchase 330 2.67 Water Inc. sold 630 units of inventory during the month. Ending inventory assuming weighted-average cost would be: (Round weighted-average unit cost to 4 decimal places and final answer to the nearest dollar amount.)

Answer 1

$562

Step-by-step explanation:

Date Transaction Units Unit Cost Total

July 1 Beginning inventory 520 $2.48 $1,289.60

July 25 Purchase 330 $2.67 $881.10

subtotal 850 $2.554 $2,171

Sales 630 $2.554 $1,609.09

July 31 Ending inventory 220 $2.554 $561.91

July 31's ending inventory = 220 units at $2.554 per unit, total cost $561.91