A company purchased

200

units for

$40

each on January 31. It purchased

150

units for

$35

each on February 28. It sold a total of

150

units for

$70

each from March 1 through December 31. If the company uses the

weightedaverage

inventory costing method, calculate the cost of ending inventory on December 31. (Assume that the company uses a perpetual inventory system. Round any intermediate calculations two decimal places, and your final answer to the nearest dollar.)

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Part 1

A.$ 7 comma 500

$7,500

B.$ 13 comma 250

$13,250

C.$ 5 comma 678

$5,678

D.$ 7 comma 572