Weighted Average Cost Of Inventory
A company purchases 50 shirts for $13 each and 25 shirts for $18 each. The company then sells 12 of the $13 shirts and 5 of the $18 shirts. What is the weighted average unit cost of the remaining shirts in inventory?
A
$16.67
B
$15.62
C
$13.85
D
$14.72
E
$17.03