Wanda owns a book store and needed to compute her inventory. She had 600 books on the floor and another 300 in the storeroom. She also had 45 electronic readers on the floor and 25 in the storeroom. Each book costs $15 and each electronic reader costs $250.
Using the weighted average cost method, the cost of each item being sold is __________.
31.96 should be the answer. I need some short explanation. Thanks!
Using the weighted average cost method, the cost of each item being sold is __________.
31.96 should be the answer. I need some short explanation. Thanks!