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Home Q & A Board Science-Related Homework Help Mathematics
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Hillier Hillier
wrote...
Posts: 550
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6 years ago
Purchases of an inventory item during the last accounting period were as follows:

Number of items   Unit price
   5   $4.00
   3   $6.00
   7   $9.00
   11   $7.00

What was the weighted average price per item?
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
Read 65 times
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Replies
wrote...
#1
6 years ago
Number of items      Unit price      Weighted value
   5   ×   $4.00   =   20.00
   3   ×   6.00   =   18.00
   7   ×   9.00   =   63.00
   11   ×   7.00   =   77.00
Total: 26            178.00
Average price was 178/26 = $6.85
Hillier Author
wrote...
#2
5 years ago
Thank you for helping
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