Motor Cross Ltd's inventory purchases for the month of January are summarised below.Using the weighted-average method of valuing inventory,the weighted unit cost is:
$ \begin{array}{lcc}\text{Purchase date}&\text{ Number of units}&\text{ Cost per unit}\\\text { 2. January } & 8 & \$ 5000 \ \text { 13 January } & 12 & \$ 8500 \ \text { 17 January } & 35 & \$ 7000 \ \text { 27 January } & 20 & \$ 10500\end{array} $

Question

Quizplus · Accepted Answer

[($5000 x 8) + ($8500 x 12) + ($7000 x 35) + ($10500 x 20)] / 75 = $7960.

Motor Cross Ltd's Inventory Purchases for the Month of January