The Organizer Store uses the weighted-average inventory costing method in a perpetual inventory system.The unit cost of the beginning inventory for inventory item X500 was $10 per unit.There was one unit in beginning inventory.The first purchase of the period has a unit cost of $12 per unit.Multiple units were purchased.The weighted average cost per unit is $11.

Question

Quizplus · Accepted Answer

To compute the weighted average cost per unit it is necessary to use the total cost of goods available for sale divided by the number of units available for sale.

The Organizer Store Uses the Weighted-Average Inventory Costing Method in a Perpetual