Question: LiCo uses the periodic method and weighted-average costing. On December 31st, 20X7, LiCo's inventory consists of 1,800 units costing $5 each. In January, 20X8, LiCo

LiCo uses the periodic method and weighted-average costing. On December 31st, 20X7, LiCo's inventory consists of 1,800 units costing $5 each. In January, 20X8, LiCo purchases 4,000 units @ $9, of which it returns 700 units in March. It purchases 4,400 units in October @ $7, of which it returns 500 units in December. The weighted-average cost per unit of goods available for sale during 20X8 is.....?

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