Question

Problem 6-05A a1-a3 You have the following information for Nash's Trading Post, LLC for the month ended October 31, 2022. Nash uses a periodic method for inventory. Date Description Units Unit Cost or Selling Price Oct. 1 Beginning inventory 50 $24 Oct. 9 Purchase 130 26 Oct. 11 Sale 100 40 Oct. 17 Purchase 100 27 Oct. 22 Sale 50 45 Oct. 25 Purchase 60 29 Oct. 29 Sale 110 45 Your answer is incorrect. Try again. Calculate the weighted-average cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average cost per unit $enter weighted-average cost per unit in dollars

Answer 1

· Requirement asked:

Weighted average Cost = $ 9020 / 340 units = $ 26.529 [Answer]

Average Method	Cost of Goods available for sale
	Units	Cost/unit	COG for sale
Beginning Inventory	50	$                24.00	$                        1,200.00
Purchases:
09-Oct	130	$                26.00	$                        3,380.00
17-Oct	100	$                27.00	$                        2,700.00
25-Oct	60	$                29.00	$                        1,740.00
TOTAL	340	$            26.5294	$                        9,020.00