Question

Sheffield Company reports the following for the month of June. Units Unit Cost Total Cost June...

Sheffield Company reports the following for the month of June.

Units

Unit Cost

Total Cost

June 1 Inventory 210 $8 $ 1,680
12 Purchase 430 9 3,870
23 Purchase 360 10 3,600
30 Inventory 200

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(a1)

Calulate Weighted Average Unit Cost. (Round answer to 2 decimal places, e.g. 15.25.)
Weighted Average Unit Cost $

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(a2)

The parts of this question must be completed in order. This part will be available when you complete the part above.

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(b)

The parts of this question must be completed in order. This part will be available when you complete the part above.

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Answer #1

(a1) Number of units available for sale = 210 units + 430 units + 360 units = 1,000 units

Cost of goods available for sale = $1,680 + $3,870 + $3,600 = $9,150

Weighted Average Unit Cost = $9,150/1,000 units = $9.15 per unit

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