1. Brill Company reported the following year-end amounts: Beginning Inventory $7,650 Net Cost of Purchases 33,750 Ending Inventory ? Cost of Goods Sold 31,050 What is Brill Companys Ending Inventory for the year?

Select one:

a. $4,950

b. $10,350

2. The following amounts and costs of platters were available for sale by Sierra Pottery during the year:

Beginning inventory	10 units at $41
First purchase	15 units at $55
Second purchase	30 units at $70
Third purchase	25 units at $65

Sierra Pottery has 35 platters on hand at the end of the year. How much is cost of goods sold in dollars at the end of the year according to the weighted-average cost method?

Select one:

a. $1,732.50

b. $1,860

c. $2,790

d. $4,960

c. $2,700 d. $7,650

3.

The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Newtown, Inc. for an operating period.

	Units	Unit Cost	Total Cost	Units Sold
Beginning Inventory	32	$18	$576
Sale no. 1				10
Purchase no. 1	28	20	560
Sale no. 2				32
Purchase no. 2	20	19	380
Totals	80		$1,516	42

Assuming Newtown, Inc., uses weighted-average inventory procedures, the ending inventory cost is:

Select one:

a. $720.10

b. $721.00

c. $722.00

d. $795.90

e. None of the above