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25 A company starts operations with no inventory at the beginning of a fiscal year and makes purchases of a good for resale five times
25
A company starts operations with no inventory at the beginning of a fiscal year and makes purchases of a good for resale five times during the period at increasing prices. Each purchase is for the same number of units of the good. The purchases, and the cost of goods available for sale, appear in the following table. Notice that the price per unit has increased by 100% by the end of the period, Units Price Cost Purchase 5 $100 $500 Purchase 2 5 150 750 Purchase 5 150 900 Purchase 4 5 200 1000 Purchase 3 240 1.200 Cost of goods available for sale 54,350 During the period, the company sells, at $250 each, all of the goods purchased except for five of them. Although the ending inventory consists of five units, the cost wached to those units can vary preally What the cost the company wies the weighted wverage cost method of inventory costing? 3850 4150 O10 3150 Step by Step Solution
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