Question: Culver Corp uses a periodic inventory system, its record show the following for the month of May in which 76 units were sold Date Explanation

Culver Corp uses a periodic inventory system, its record show the following for the month of May in which 76 units were sold

Date Explanation Unit Unit Cost Total Cost
May 1 Inventory 24 $9 $306
15 Purchase 23 $10 $230
24 Purchase 43 $11 $473
Total 100 $1,009

Calculate the weighted average cost:

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