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Hank met with John, who supplied wood to cabinet builders, in order to help him...

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Accounting

Hank met with John, who supplied wood to cabinet builders, in order to help him compute his inventory using the weighted average method, John had 22,000 board-feet (bf) of pine on the floor at a cost of $1.25 per bf. He had 4,000 board-feet of oak in the warehouse at a cost of $2.25 per bf, along with 2,500 board-feet of walnut at a cost of $2.95 per bf.

Using the weighted average cost method, the cost of each board-foot of wood being sold is $__________.

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