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26. Chris Company uses the perpetual inventory system and had the following activity during the current monthly period. November 1. Beginning Inventory of 100 units

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26. Chris Company uses the perpetual inventory system and had the following activity during the current monthly period. November 1. Beginning Inventory of 100 units @$20 November 5: Purchased 100 units @ $22 November 8 Purchased 50 units @ $23 November 16: Sold 200 units @ $45 November 19 Purchased 50 units @ $25 Using the weighted average inventory method, the company's ending inventory would be reported at: A) $2,200. B) $2,320 C) $2,250 D) $2,400 E) $2,270

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