Question: 4. [Inventory costing, basic relationships] During its first year of operations, Metro Retailers made the following inventory pur- chases: February 1 1,000 units ( $2

4. [Inventory costing, basic relationships] During its first year of operations, Metro Retailers made the following inventory pur- chases: February 1 1,000 units ( $2 each April | August 2,800 units (a $3 each 1,000 units For the year, 11 reported COGS of $10,500 and ending inventory of $3,500 using the weighted-average method.

a. Compute the price at which the August I purchase was made.

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