Singleton Company's perpetual inventory records included the following information:

-If Singleton uses the weighted-average cost flow method,its average cost per unit would be $8.00.

Question

Singleton Company's perpetual inventory records included the following information:
 
-If Singleton uses the weighted-average cost flow method,its average cost per unit would be $8.00.

Quizplus · Accepted Answer

Average cost per unit = Cost of goods available for sale of [(200 × $7.00)+ (150 × $8.00)+ (350 × $9.00)] ÷ Units available for sale of 700 = $8.21 per unit

Singleton Company's Perpetual Inventory Records Included the Following Information