You have the following information for McBride Inc. for the month ended October

Question

You have the following information for McBride Inc. for the month ended October 31, 2012. McBride uses a periodic method for inventory.

Date Description Units Unit Cost or Selling Price Oct. 1 Beginning inventory 64 $25 Oct. 9 Purchase 127 28 Oct. 11 Sale 106 37 Oct. 17 Purchase 106 29 Oct. 22 Sale 64 42 Oct. 25 Purchase 74 31 Oct. 29 Sale 117 42 You have the following information for McBride Inc. for the month ended October 31, 2012. McBride uses a periodic method for inventory.

Date Description Units Unit Cost or Selling Price Oct. 1 Beginning inventory 64 $25 Oct. 9 Purchase 127 28 Oct. 11 Sale 106 37 Oct. 17 Purchase 106 29 Oct. 22 Sale 64 42 Oct. 25 Purchase 74 31 Oct. 29 Sale 117 42 Date Description Units Unit Cost or Selling Price You have the following information for McBride Inc. for the month ended October 31, 2012. McBride uses a periodic method for inventory.

Date Description Units Unit Cost or Selling Price Oct. 1 Beginning inventory 64 $25 Oct. 9 Purchase 127 28 Oct. 11 Sale 106 37 Oct. 17 Purchase 106 29 Oct. 22 Sale 64 42 Oct. 25 Purchase 74 31 Oct. 29 Sale 117 42 You have the following information for McBride Inc. for the month ended October 31, 2012. McBride uses a periodic method for inventory. Calculate the weighted-average cost. (Round answers to 3 decimal places, e.g. 5.125.)

Explanation / Answer

60*25= 1,500

127*28=3,556

106*29= 3,074

74*31= 1,294

367 for a total of 9,424 so 9,424/367= $25.678

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