The inventory records for Radford Co.reflected the following:

-If the company uses the weighted-average inventory cost flow method,what is the average cost per unit (rounded)for May?
A)$4.45
B)$4.50
C)$5.12
D)$6.34

Question

The inventory records for Radford Co.reflected the following:
 
-If the company uses the weighted-average inventory cost flow method,what is the average cost per unit (rounded)for May?
A)$4.45 
B)$4.50 
C)$5.12 
D)$6.34

Quizplus · Accepted Answer

Average cost per unit = Total cost of the inventory available ÷ Total number of units available
Average cost per unit = [(100 × $4.00)+ (300 × $4.40)+ (500 × $4.60)+ (100 × $4.80)] ÷ 1,000 units = $4.50 per unit

The Inventory Records for Radford Co.reflected the Following