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A company uses the periodic inventory system and had the following activity during the current monthly period. Units Sold at Retail Date November 1 November

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A company uses the periodic inventory system and had the following activity during the current monthly period. Units Sold at Retail Date November 1 November 5 November 8 November 16 November 19 Activities Beginning inventory Purchase Purchase Sales Purchase Units Acquired at Cost 100 units @ $20 - $2,000 100 units @ $22 = $2,200 50 units @ $23 $1,150 200 units @ $45 50 units @ $25 - $1,250 Using the weighted-average inventory method, the company's ending inventory would be: Multiple Choice $2,000 G O $2,200

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