Question
A company purchased 400 units for $50 each on January 31. It purchased 150 units for $30 each on February 28. It sold a
A company purchased 400 units for $50 each on January 31. It purchased 150 units for $30 each on February 28. It sold a total of 200 units for $60 each from March 1 through December 31. If the company uses the weighted average 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.) OA. $8.907 OB. $14,000 OC. $24,500 OD. $15,593 C
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started