Question

A physical inventory on December 31 shows 3500 units on hand. Bonita sells the units for $15 each. The company has an effective tax rate of 20%. Bonita uses the periodic inventory method. The weighted-average cost per unit is

Answer 1

The answer would be 10,500 be cause you multiply 3500 times 15 and you get 52500 the you multiply that by .20 and you get 10,500.