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Periodic Inventory - FIFO, LIFO, and Average Cost

5. Inventory / Periodic Inventory - FIFO, LIFO, and Average Cost / Problem 5

Problem 5

A company purchased 200 units of inventory at \$8 each and 300 units at \$10 each. What is the average cost per unit?

A

\$8.50

B

\$9.00

C

\$10.00

D

\$9.20