1. Jack Company began the accounting period with inventory of 3,000 units at $30 each. During the period, the company purchased an additional 5,000 units at $36 each and sold 4,600 units. Assume the use of periodic inventory procedure. Cost of ending inventory using weighted-average is:

Select one:

a. $109,650.

b. $114,750.

c. None of these.

d. $122,400.

e. $157,600.

2. Jack Company began the accounting period with inventory of 3,000 units at $30 each. During the period, the company purchased an additional 5,000 units at $36 each and sold 4,600 units. Assume the use of periodic inventory procedure. Cost of goods sold using weighted-average is:

Select one:

a. $155,250.

b. $114,000.

c. $147,200.

d. None of these.

e. $160,350.

3. the following data is available for an item of JNC Inc. for the month of March:

March 1	Inventory	15 units at $10 each
15	Purchase	30 units at $18 each
31	Purchase	24 units at $15 each
	Sale	30 units

Using the first-in, first-out method, what is JNC Inc.'s cost of ending inventory for March?

Select one:

a. $510

b. $630

c. $360

d. $420