You have the following information for Metlock, Inc. for the month ended October 31, 2017. Metlock, Inc. uses a periodic method for inventory.
Date Description Units Unit Cost or Selling Price
Oct. 1 Beginning inventory 59 $26
Oct. 9 Purchase 113 28
Oct. 11 Sale 103 35
Oct. 17 Purchase 103 29
Oct. 22 Sale 56 40
Oct. 25 Purchase 75 31
Oct. 29 Sale 102 40
Required:
Calculate the weighted-average cost.
Answers: 3
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You have the following information for Metlock, Inc. for the month ended October 31, 2017. Metlock,...
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