Coachlight Inc has a periodic inventory system The company p

Coachlight Inc. has a periodic inventory system. The company purchased 285 units of inventory at $17.50 per unit and 470 units at $18.50 per unit. What is the weighted average unit cost for these purchases of inventory? (Round your final answer to two decimal places.)

A. $17.50

B. $18.50

C. $18.00

D. $18.12

Coachlight Inc. has a periodic inventory system. The company purchased 285 units of inventory at $17.50 per unit and 470 units at $18.50 per unit. What is the weighted average unit cost for these purchases of inventory? (Round your final answer to two decimal places.)

Solution

D. $18.12 Dear Student Thank you for using Chegg Please find below the answer Statementshowing Computations Weighted Average Particulars Units   Cost Amount Purchase                       285.00                         17.50              4,987.50 Purchase                       470.00                         18.50              8,695.00 Total                       755.00                         18.12            13,682.50 weighted average unit cost = 13,682.50/755                         18.12