Question: Nick's Place recorded the following data: Units Unit Date Received Sold On Hand Cost 1/1 Inventory 600 $2.00 1/8 Purchased 1,000 1,600 2.40 1/12 Sold

Nick's Place recorded the following data:

Units

Unit

Date

Received

Sold

On Hand

Cost

1/1 Inventory

600

$2.00

1/8 Purchased

1,000

1,600

2.40

1/12 Sold

1,200

300

The weighted average unit cost of the inventory at January 31 is:

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