Santos Trading Company in São Paulo had the following inventory data for June:

June 1: Opening inventory 80 units at $12
June 8: Purchased 120 units at $15
June 18: Sold 140 units
June 25: Purchased 60 units at $16

Using AVCO (continuous method), what is the weighted average cost per unit after the June 8 purchase?

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Question

Santos Trading Company in São Paulo had the following inventory data for June:

June 1: Opening inventory 80 units at $12
June 8: Purchased 120 units at $15
June 18: Sold 140 units
June 25: Purchased 60 units at $16

Using AVCO (continuous method), what is the weighted average cost per unit after the June 8 purchase?

Accepted Answer

$13.80 — 80. Award 1 mark for correct calculation. Total cost = (80 × $12) + (120 × $15) = $960 + $1,800 = $2,760. Total units = 80 + 120 = 200. AVCO = $2,760 ÷ 200 = $13.80. A uses only opening cost. B is a simple average of $12 and $15. D uses only the purchase cost.

Answer

$15.00

Answer

$13.50

Answer

$13.80

Answer

$12.00

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