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Calculate the weighted-average cost.?
You have the following information for Vincent Inc. for the month ended October 31, 2014. Vincent uses a periodic method for inventory.
Date Description Units Unit Cost or Selling Price
Oct. 1 Beginning inventory 60 $24
Oct. 9 Purchase 120 $26
Oct. 11 Sale 100 $35
Oct. 17 Purchase 27 $100
Oct. 22 Sale 60 $40
Oct. 25 Purchase 70 $29
Oct. 29 Sale 110 $40
Weighted-average cost per unit $...... ???????????
2 Answers
- buzLv 78 years agoFavorite Answer
Total units available = 60 + 120 + 27 + 70
Total cost of all units = (60 x 24) + (120 x 26) + (27 x 100) + (70 x 29)
Weighted average cost per unit = total cost of all units / total units available
- Anonymous4 years ago
26.543