Accounting 9706 · AS & A Level · Traditional costing methods

Traditional costing methods — practice question

A business applies the weighted average cost (AVCO) method to value inventory. On 1 September, 50 units were bought for $4.00 per unit. Then, on 10 September, a further 30 units were bought for $4.80 per unit. On 21 September, 15 units were sold. What was the cost per unit of the units sold?

  • A$4.00
  • B$4.30
  • C$4.40
  • D$4.80

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