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A company uses the periodic inventory system and had the following activity during the current monthly period. November 1: Beginning inventory 108 Units @ $15
A company uses the periodic inventory system and had the following activity during the current monthly period.
November 1: | Beginning inventory | 108 Units @ $15 |
November 5: | Purchased | 108 Units @ $30 |
November 8: | Purchased | 58 Units @ $30 |
November 16: | Sold | 158 Units @ $85 |
November 19: | Purchased | 55 Units @ $30 |
Using the weighted-average inventory method, the company's ending inventory would be:
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$3,270
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$3,390
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$5,010
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$4,288
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$1,620
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