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Which is the weighted average cost of fuses and air filters

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Reference no: EM132819416

Troy has 75 fuses that he purchased for $4 each and 17 air filters that he purchased for $12 each on the floor of his auto repair shop. He has 80 of the same fuses and nine of the same air filters in his storeroom.

Problem 1: Which of the following is the weighted average cost of the fuses and air filters being sold if Troy implements the weighted average method to inventory these supplies?

Option 1: $5.48

Option 2: $5.15

Option 3: $4.09

Option 4: $4.02

Reference no: EM132819416

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