Which of the following is the correct formula to calculate weighted-average unit cost for merchandise inventory?
A) Weighted-average unit cost = Cost of goods available for sale + Number of units available
B) Weighted-average unit cost = Cost of goods available for sale x Number of units available
C) Weighted-average unit cost = Cost of goods available for sale - Number of units available
D) Weighted-average unit cost = Cost of goods available for sale / Number of units available
D
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