Question - Assume Nile.cum began September with 16 units of inventory that cost a total of $304. During September, Nile purchased and sold goods as follows:
|
Sep. 8
|
Purchase
|
48 units @$20
|
|
14
|
Sale
|
40 units @$40
|
|
22
|
Purchase
|
32 units @$22
|
|
27
|
Sale
|
48 units @$40
|
Suppose Nile.com used the weighted-average inventory mating method and the perpetual inventory system. Compute the weighted average unit cost of the company's inventory on hand at September 8.