Nick's Place Recorded the Following Data The Weighted Average Unit Cost of the Inventory at January

question 129

Multiple Choice

Nick's Place recorded the following data: $\begin{array}{llrrr}&&\text { Units }&&\text { Unit }\\\text { Date }& \text { Received }& \text {Sold }& \text {On Hand }& \text {Cost }\\\hline1 / 1 \text { Inventory } & & & 600 & \$ 2.50 \\1 / 8 \text { Purchased } & 1,000 & & 1,600 & 3.00 \\1 / 12 \text { Sold } & & 1,200 & 300 &\end{array}$ The weighted average unit cost of the inventory at January 31 is:

• A) $2.50.
• B) $2.75.
• C) $2.81.
• D) $3.400.

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Definitions:

Injunction

A legal order by a court that requires a party to do, or refrain from doing, certain acts.

Nuisance

An act, condition, or thing that is illegal because it interferes with the rights of others, specifically in terms of their comfort, health, or safety.

Occupiers' Liability Act

Legislation that outlines the duty of care owed by individuals or entities that control land or buildings to those who enter the premises.

Nonfeasance

The failure to perform an act that one has a duty to perform, often resulting in liability.