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A company uses the periodic inventory system and had the following activity during the current monthly period. November 1: November 5: November 8: November 16:

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A company uses the periodic inventory system and had the following activity during the current monthly period. November 1: November 5: November 8: November 16: November 19: Beginning inventory Purchased Purchased Sold Purchased 104 Units @ $10 104 Units @ $26 54 Units @ $25 142 Units @ $65 35 Units @ $20 Using the weighted average inventory method, the company's ending inventory would be: $3,024 S3,090 $1,040 S1.740 S2.050

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