Sheridan company uses a periodic inventory system. for april, when the company sold 650 units, the following information is available. units unit cost total cost april 1 inventory 350 $24 $ 8,400 april 15 purchase 370 29 10,730 april 23 purchase 280 31 8,680 1,000 $27,810 calculate weighted average cost per unit.

$27.18 per unit

Explanation:

The computation of the average cost per unit is shown below:

= (Beginning inventory units × price per unit + purchase inventory units × price per unit + purchase inventory units × price per unit ) ÷ (Beginning inventory units + purchase inventory units + purchase inventory units)

= (350 units × $24 + 370 units × $29 + 280 units × $31) ÷ (350 units + 370 units + 280 units)

= ($8,400 + $10,730 + $8,680) ÷ (1,000 units)

= ($ 27,810) ÷ (1,000 units)

= $27.18 per unit

answerpublic goods;