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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:

  • $3,270

  • $3,390

  • $5,010

  • $4,288

  • $1,620

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