Calculate the weighted-average cost of the following inventory purchases: Date Quantity Purchased Cost per Unit Total Amount
June 4 30 $11.50 $345.00
June 14 40 $15.00 $600.00
June 29 30 $10.99 $329.70
A) $12.74
B) $12.75
C) $22.74
D) $22.75
E) $37.49

Question

Quizplus · Accepted Answer

To calculate the weighted-average cost, we need to divide the total cost of inventory purchases by the total quantity purchased:

Total quantity = 100 units
Total cost = $1,274.70

Weighted-average cost = Total cost / Total quantity
= $1,274.70 / 100
= $12.75 (rounded to the nearest cent)

Therefore, the answer is choice B.

Calculate the Weighted-Average Cost of the Following Inventory Purchases: Date