Suppose Nile.com used the weighted-average inventory costing method and the perpetual inventory system. Use the Nile.com data
Question:
Suppose Nile.com used the weighted-average inventory costing method and the perpetual inventory system. Use the Nile.com data in Question 3 to compute the weighted-average unit cost of the company’s inventory on hand at April 8. Round weighted-average unit cost to the nearest cent.
a. $21.00
b. $19.75
c. $19.50
d. Cannot be determined from the data given
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