A company purchased inventory as follows: 200 units at $9
300 units at $10
The weighted average unit cost for inventory is

Question

Quizplus · Accepted Answer

To calculate the weighted average unit cost, we need to multiply the number of units purchased by the cost per unit and then add up these values for all purchases. Then we divide the total cost by the total number of units purchased:

Total cost = (200 units x $9) + (300 units x $10) = $1,800 + $3,000 = $4,800
Total number of units = 200 units + 300 units = 500 units

Weighted average unit cost = Total cost / Total number of units
= $4,800 / 500
= $9.60

Therefore, the answer is C.

A Company Purchased Inventory as Follows: 200 Units at $9