Problem 6-5A You are provided with the following information for Koetteritz Inc.

Question

Problem 6-5A You are provided with the following information for Koetteritz Inc. for the month ended June 30, 2017. Koetteritz uses the periodic method for inventory. Unit Cost or Selling Price $40 43 73 73 46 46 79 49 Date Description Quantity 42 139 112 14 June 1 Beginninginventory June 4 Purchase une 10 Sale June 11 Sale return June 18 Purchase June 18 Purchase return une 25 Sale June 28 Purchase 68 30 Calculate cost per unit. (Round answer to 2 decimal places, e.g. 5.25.) Weighted-average cost per unit e

Explanation / Answer

Calculat weighted average cost per unit :

Weighted average cost per unit = 11243/257 = 43.75 per unit

Unit Cost Beginning inventory 42 1680 Purchase june 4 139 5977 Purchase june 18 (55-9) 46 2116 Purchase june 28 30 1470 Total 257 11243

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