Calculate Weighted-Average Unit Cost for Cullumber Center
What is the process to calculate the weighted-average unit cost for Cullumber Center based on the given data?
Weighted-Average Method: To calculate the weighted-average unit cost for Cullumber Center, we need to consider the total cost of purchases and the number of units purchased. The formula for weighted-average unit cost is: Weighted-Average Unit Cost = Total Cost of Purchases / Total Number of Units Given data: Calculation: Total Cost of Purchases = 13*115 + 9*115 + 6*122 + 6*122 + 7*132 + 6*133 = $3151 Total Number of Units = 13 + 9 + 6 + 6 + 7 + 6 = 47 Weighted-Average Unit Cost = $3151 / 47 = $67.000 Therefore, the weighted-average unit cost for Cullumber Center is $67.000 per unit.Calculation of Weighted-Average Unit Cost
Date
Units
Unit Cost
July 1
13
$115
July 6
9
$115
July 11
6
$122
July 14
6
$122
July 21
7
$132
July 27
6
$133