Refer to the information for Morgan Inc above If Morgan uses a periodic inventory system, what is the cost of ending inventory under average cost at April 30 (Use four decimal places for per unit calculations and round all other numbers to the nearest dollar ) a $34,667 b $35,838 c $66,162 d $67,33...

b 1300 units 275676 the averag ...

Refer to the information for Morgan Inc. above. If Morgan uses a periodic inventory system, what is

Question:

Refer to the information for Morgan Inc. above. If Morgan uses a periodic inventory system, what is the cost of under average cost at April 30? (Use four decimal places for per-unit calculations and round all other numbers to the nearest dollar.)
a. $34,667
b. $35,838
c. $66,162
d. $67,333
Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...