You are provided with the following information for Najera Inc. for the month ended June 30, 2017. Najera uses the periodic method for inventory. Date Description Quantity Unit Cost or Selling Price
June1 Beginning inventory 38 $42
June4 Purchase 135 $46
June10 Sale 108 $70
June11 Sale return 12 $70
June18 Purchase 58 $48
June18 Purchase return 9 $48
June25 Sale 64 $75
June28 Purchase 33 $52

Required:
Calculate cost per unit.

$46.56

Explanation:

Calculation to determine the cost per unit.

Units Units Cost Total cost

June1 Beginning inventory 38* $42 =$1,596

June4 Purchase 135 *$46=$6,210

June18 Purchase 58 *$48=$2,784

June18 Purchase return (9) *$48=($432)

June28 Purchase 33 *$52=$1,716

Total= 255 $11,874

Now let calculate the cost per unit using this formula

Weighted average cost per unit=Costs of goods sold for sale/Units available for sales

Let plug in the formula

Weighted average cost per unit=$11,874/255

Weighted average cost per unit=$46.56

Therefore the cost per unit is $46.56

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