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

Dumb Waiters, Inc. has 2 units in beginning inventory with a cost of $10. It purchased 3 more at $12. It sold 4 units during the period. What is the Cost of Goods Sold using the weighted average cost method?Multiple choice question.$36.00$44.00$46.00$44.80

Assume that Q-Mart uses a periodic LIFO inventory system. During the year, it sold 14 units. Calculate the dollar value of its cost of goods sold for the period.  DateActivity Jan. 1Beginning Inventory10 @ $12Jan. 5Purchase10 @ $15Jan. 30Purchase10 @ $18Feb. 8Sale14 unitsMultiple choice question.$240$210$150$180

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

Inventory records for Eliza Company revealed the following: Date Transaction Number of Units Unit CostMarch 1 Beginning Inventory 1,070 $ 7.13March 10 Purchase 590 7.30March 16 Purchase 880 7.41March 23 Purchase 540 7.66Eliza sold 2,200 units of inventory during the month. What is the cost of goods sold assuming weighted-average cost? (Round the weighted-average unit cost to 4 decimals if necessary and round your final answer to nearest whole dollar.)Multiple Choice$16,060$16,138$16,225$15,686