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

 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. Date Unit Price Quantity Extended Beg. Balance 1-Jul $1.05 200 $210 July Purchases: 1 2-Jul $1.10 200 $220 2 5-Jul $1.15 200 $230 3 8-Jul $1.30 200 $260 4 13-Jul - $1.40 200 $280 m July Customer Sales: 1 Date Unit Price Quantity Extended 3-Jul $6.00 200 $1,200 9-Jul $6.00 200 $1,200 15-Jul $6.00 200 $1,200 2 3 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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