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Rusthe Inc. uses a periodic inventory system. Its records show the following for the month of May, in which 74 units were sold. Date Explanation Units Unit Cost Total Cost May 1 Inventory 30 $9 $270 15 Purchase 25 10 250 24 Purchase 38 11 418 Total 93 $938 Collapse question part (a) Calculate the weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average unit cost

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Answer:

$10.086 Per units

Explanation:

Weighted-average unit cost

=Inventory on May 1 + Purchase on May 15 + Purchase on May 24 ÷ Total number of units

$270+$250+$418÷30+25+38

=$938÷ 93

=$10.086 per units

Therefore the WEIGHTED AVERAGE UNIT COST is $10.086 per units

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