Question: Multiple Choice Question 51 Bud's Place recorded the following data: Units Date 1/1 Inventory 1/8 Purchased 1/12 Sold Unit Received Sold On Hand Cost 500

Multiple Choice Question 51 Bud's Place recorded the following data: Units Date 1/1 Inventory 1/8 Purchased 1/12 Sold Unit Received Sold On Hand Cost 500 $2.40 1,500 3.00 1,000 1,200 300 The weighted average unit cost of the inventory at January 31 is: o $3.402. $2.70. $2.40. o $2.80. o o

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