Question: help? 25 points Save Answer Zenith Company uses the PERIODIC inventory method and had the following information: Units Unit cost Total Cost 1/01 Beginning inventory

help?
help? 25 points Save Answer Zenith Company uses the PERIODIC inventory method

25 points Save Answer Zenith Company uses the PERIODIC inventory method and had the following information: Units Unit cost Total Cost 1/01 Beginning inventory 100 $4 $ 400 1/20 Purchase 400 $5 2,000 7/25 Purchase 200 $6 1,200 9/20 Purchase 300 $7 2.100 Total 1.000 $5.700 A physical count of inventory on December 31 indicated that there were 400 units in ending inventory. Therefore, 600 units had been sold. Based on this information, using the weighted average cost method, what would the average cost per unit be? O $7.50 O $5.50 O$6.75 O $5.70

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!