Swifty Company uses a periodic inventory system, For April, when the company sold 420 units, the following information is available. April 1 inventory April 15 purchase April 23 purchase (81) Units Unit Cost $13 16 240 440 320 1.000 A 16.17 Total Cost $3.120 7040 5.440 $15,600 Calculate weighted average cost per unit (Round answer to 2 decimol ploces, d 22
Swifty Company uses a periodic inventory system, For April, when the company sold 420 units, the following information is available. April 1 inventory April 15 purchase April 23 purchase (81) Units Unit Cost $13 16 240 440 320 1.000 A 16.17 Total Cost $3.120 7040 5.440 $15,600 Calculate weighted average cost per unit (Round answer to 2 decimol ploces, d 22
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter5: Inventories And Cost Of Goods Sold
Section: Chapter Questions
Problem 5.12AMCP
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