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A company just starting business made the following three inventory purchases in February: Feb. 1 200 units $1250 Feb. 10 400 units 2830 Feb. 28

A company just starting business made the following three inventory purchases in February: Feb. 1 200 units $1250 Feb. 10 400 units 2830 Feb. 28 110 units 760 $4840 On Feb 15, there were 260 units sold. The company uses a perpetual inventory system. Using the weighted average cost formula, the balance in ending inventory on February 28 is O $4840. O $3166 O $3072 $1768

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