Question - Coronado's Place recorded the following data:
|
Date
|
Units
|
Unit Cost
|
|
Received
|
Sold
|
On Hand
|
|
1/1 Inventory
|
|
|
700
|
$2.10
|
|
1/8 Purchases
|
980
|
|
1680
|
2.70
|
|
1/12 Sold
|
|
1290
|
390
|
|
The weighted average unit cost of the inventory at January 31 is:
$3.10.
$2.10.
$2.39.
$2.45.