Colletti Company Recorded the Following Data: the Weighted Average

question 19

Multiple Choice

Colletti Company recorded the following data: The weighted average unit cost of the inventory at January 31 is:

• A)$2.00.
• B)$2.10.
• C)$2.12.
• D)$2.20.

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Definitions:

Voting Shares

Shares of a company that provide the shareholder the right to vote on corporate matters, such as the election of the board of directors.

Open Market

A market where buying and selling of goods and services take place with minimal restrictions or regulations, often referring to the stock market.

Ownership Percentage

The fraction or percentage of a company that is owned by a shareholder or group of shareholders.

Voting Shares

Shares that give the shareholder the right to vote on corporate matters.