The inventory records for Radford Co. reflected the following Beginning Inventory @ May 12,000 units @ $5.60 First Purc...
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The inventory records for Radford Co. reflected the following |
Beginning Inventory @ May 1 | 2,000 units @ $5.60 |
First Purchase @ May 7 | 2,100 units @ $5.80 |
Second Purchase @ May 17 | 2,300 units @ $5.90 |
Third Purchase @ May 23 | 1,900 units @ $6.00 |
Sales @ May 31 | 6,300 units @ $7.50 |
Determine the weighted average cost per unit (rounded) for May. |
$7,100