Question: Vaughn's Place recorded the following data: Units Unit Date Received Sold On Hand Cost 1/1 Inventory 590 $2.50 1/8 Purchased 910 1500 4.00 1/12 Sold

Vaughn's Place recorded the following data:

Units Unit
Date

Received

 Sold On Hand Cost
1/1 Inventory 590 $2.50
1/8 Purchased 910 1500 4.00
1/12 Sold 1220 280

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

$3.41.

$3.25.

$4.40.

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