Question: Consider the following information maintained by a retail entity that maintains a perpetual inventory system and uses the weighted average method. Unit Price Quantity Extended

 Consider the following information maintained by a retail entity that maintains

Consider the following information maintained by a retail entity that maintains a perpetual inventory system and uses the weighted average method. Unit Price Quantity Extended $1.05 200 $210 Date Beg. Balance 1-Jul July Purchases: 1 2-Jul 2 5-Jul 3 8-Jul 4 13-Jul $1.10 $1.15 $1.30 $1.40 200 200 200 200 $220 $230 $260 $280 July Customer Sales: Date 1 3-Jul 2 9-Jul 3 15-Jul Unit Price Quantity Extended $6.00 200 $1,200 $6.00 200 $1,200 $6.00 200 $1,200 What is the per unit cost that the company will use to value the cost of goods sold for the July 9th sale of 200 units of inventory? If applicable, round your answers to 3 decimal places

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