WileyPLUS: MyWileyPLUS S IContact Us I Log Out FINANCIAL ACCOUNTING-Undergrad (3

Question

WileyPLUS: MyWileyPLUS S IContact Us I Log Out FINANCIAL ACCOUNTING-Undergrad (33 010 272) Weygandt, Financial Accounting, 9 ractice Assignment Gradebook ORION Downloadable eTextbook gnment CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Exercise 6-8 (Part Level Submission) Kaleta Company reports the following for the month of June. Units Unit Cost Total Cost 70) June 1 Inventory 12 Purchase 23 Purchase 30 Inventory 596 $5 $2,980 9,536 9,834 894 298 85) (a1) Calulate Weighted Average Unit Cost. (Round answer to 2 decimal places,e.g. 15.25.) st S Weighted Average Unit Cost s Attempts: o of 5 used SAVE FOR LATER S SUBMIT ANSWER (a2) The parts of this question must be completed in order. This part will be available when you complete the part above.

Explanation / Answer

Date Particulars Units Unit cost Total cost 1-Jun Inventory 596 5 2,980 12-Jun Purchase 1,192 8 9,536 23-Jun Purchase 894 11 9,834 30-Jun Inventory 298 Weighted Average Unit Cost = Total cost /Total units available for sale 22,350 /2682 8.33 * Total Cost (2,980+9,536+9,834) 22,350 *Total Units available for sale (596+1,192+894) 2682

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