Calculate the weighted-average cost of the following inventory purchases: Date Quantity Purchased Cost per Unit Total Amount
May 4 33 $12.25
May 11 41 $13.87
May 29 37 $11.99
A) $12.76
B) $12.12
C) $22.11
D) $21.21
E) $22.22

Question

Quizplus · Accepted Answer

To calculate the weighted-average cost, multiply each quantity by its cost per unit, sum these amounts, and then divide by the total quantity. (33*$12.25 + 41*$13.87 + 37*$11.99) / (33+41+37) = $12.76.

Calculate the Weighted-Average Cost of the Following Inventory Purchases: Date