Weighted-average
Calculate the weighted average cost of the following inventory purchases:
| Date Quantity | Purchased | Cost per Unit |
|---|---|---|
| May 4 | 33 | $12.25 |
| May 11 | 41 | $13.87 |
| May 29 | 37 | $11.99 |
Correct answer:
Showing 2 comments:
Chub
the symbolic equation is for the average and not the weighted average. Step-by-step explanation is correct though
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