Coachlight Inc. has a periodic inventory system. The company purchased 240 units of inventory at $13.00 per unit and 380 units at $14.00 per unit. What is the weighted average unit cost for these purchases of inventory?

$13.61  

Explanation:

The weighted average system of inventory valuation is one in which the unit price of every purchase is a part of the ending inventory irrespective of the number of inventory purchased and sold.

Unlike the FIFO method,  the expiration date of these inventory items is not a key consideration under this system.

                    Number of Units       Unit price                 Total cost

                         240                              $13                        $3120

                         380                               $14                      $5320

Total                 620                                                           $8440

The weighted average unit cost for these purchases of inventory        

= $8440/620

= $13.61  

the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues,   with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.

answer; no individual buyer or seller has any significant impact on the market price;