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A company sells 1,200 units during the first quarter of the year at a selling price of $25 per unit. In addition, the company has

A company sells 1,200 units during the first quarter of the year at a selling price of $25 per unit. In addition, the company has a beginning inventory of 600 units that were purchased at $10 per unit, and the following purchases and sales.

Date Units sold Units purchased Cost per unit

January 10 300 $11

January 25 450

February 7 400 $12

February 14 200

March 5 300 $14

March 27 550

If the company uses a periodic inventory system and the weighted average cost method of inventory valuation, then what is the company's ending inventory?

a.

$4,200

b.

$4,000

c.

$4,575

d.

$5,400

e.

$4,600

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