You have the following information for Bridgeport Corp. for the month ended Octo

Question

You have the following information for Bridgeport Corp. for the month ended October 31,2017 Bridgeport Corp, uses a periodic method for inventory. Date Description Unit Cost or Selling Price $24 26 37 27 42 29 42 Units Oct. 1 Beginning inventory 60 Oct.9 Purchase Oct. 11 Sale Oct. 17 Purchase Oct. 22 Sale Oct. 25 Purchase Oct. 29 Sale 125 107 94 64 71 104 (a1) Your answer is correct 5) Calculate the weighted-average cost. (Round answer to 3 decimal places, eg. 5.12 Weighted-average cost per unit 26.534

Explanation / Answer

The weighted average cost fo Goods per unit is $ 26.53 per unit.

The same has been computed as under:

DATE UNITS RATE AMOUNT $ 1-Oct 60 24 1440 Purchasse 9-Oct 125 26 3250 17-Oct 94 27 2538 25-Oct 71 29 2059 TOTAL 350 26.53 9287

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