Answer:
Total cost= $3,120,000
Explanation:
Giving the following information:
January 1: 23,000 units $15 each
Mar 25: 39,000 units $20.00 each
May 10: 35,000 units $26.00 each
Aug 10: 30,000 units $18.00 each
Nov. 1 23,000 units $25.00 each
Total units= 150,000 units
To calculate the cost we will use the weighted average method:
Average cost= (15 + 20 + 26 + 18 + 25)/5 = $20.8
Total cost= $20.8*150,000= $3,120,000