Dumb Waiters, Inc. has 2 units in beginning inventory with a cost of $10 each. It purchased 3 more at $12 each. What is the weighted average cost per unit?Multiple choice question.It cannot be determined until the units are weighed.$11.00$11.20$11.50

Assume that Wally World uses a periodic weighted average inventory system. During the year, it had two sales. Calculate the weighted average cost per unit on hand as of June 30 when it figured its cost of goods sold for the month.  Date Activity Jan. 1Beginning Inventory8 @ $12Jun. 5Purchase12 @ $15Jun. 28Purchase10 @ $18Jun. 8Sale6 unitsJun. 30Sale8 unitsMultiple choice question.$18/unit$15/unit$15.20/unit$10/unit

Assume that J-Mart uses a periodic weighted average inventory system. Calculate the average cost per unit.  DateActivity Jan. 1Beginning Inventory15 @ $12 = $180Jun. 5Purchase5 @ $15 = $75Jun. 28Purchase10 @ $18 =$180Jun. 8Sale6 unitsMultiple choice question.$14.50/unit$18/unit$15/unit$16.50/unit

Alpha Company bought 75 units of inventory for $4 each and 25 units of inventory for $5 each. Alpha's weighted average cost per unit is ______.Multiple choice question.$4.25$5$4$4.50

The weighted-average method assumes that:Multiple Choiceeach unit of inventory can be matched with its actual cost.the cost of goods sold consists of a random mixture of all goods available for sale.the first units purchased are the first ones sold.the last units purchased are the first ones sold.

Under the weighted average system of stock valuation, the average unit cost is calculated by:Question 12Answera.Dividing the total cost of inventory on hand by the total number of inventory items on handb.Adding the unit purchase prices of inventory items on hand and dividing the sum by twoc.Dividing the total cost of inventory issued by the total number of inventory items issuedd.Dividing the total cost of inventory on hand by two