Holliday Company's inventory records show the following data: 
A physical inventory on December 31 shows 2,000 units on hand. Holliday sells the units for ₤3 each. The company has an effective tax rate of 20%. Holliday uses the periodic inventory method. The weighted-average cost per unit is
A) ₤1.88.
B) ₤2.00.
C) ₤2.04.
D) ₤2.19.
Correct Answer:
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