1. Coachlight Inc. has a periodic inventory system. The company purchased 270 units of inventory at $16.00 per unit and 440 units at $17.00 per unit. What is the weighted average unit cost for these purchases of inventory?

a. $16.00

b. $17.00

c. $16.62

d. $16.50

2. Thompson Company updates its inventory records perpetually. The companys records showed a beginning inventory of $23,000; cost of goods sold of $31,000; and ending inventory of $25,000. How much inventory was purchased during the year?

a. $27,000.

b. $29,000.

c. $33,000.

d.$17,500.