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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
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 152 units @ $20 = $3,040 126 units @ $22 = $2,772 76 units @ $23 = $1,748 252 units @ $45 76 units @ $25 = $1,900 Using the weighted average inventory method, the company's ending inventory would be
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