The inventory records for Radford Company reflected the following: If the company uses the weighted-average inventory cost flow method, what is the average cost per unit (rounded)for May?

Question

The inventory records for Radford Company reflected the following:  If the company uses the weighted-average inventory cost flow method, what is the average cost per unit (rounded)for May?

Quizplus · Accepted Answer

We need to divide the total cost of goods available for sale ($19,550) by the total number of units available for sale (4,344) to get the weighted-average cost per unit.

$19,550 ÷ 4,344 = $4.50 per unit (rounded to the nearest cent)

The Inventory Records for Radford Company Reflected the Following