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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 112 Units @ $20
A company uses the periodic inventory system and had the following activity during the current monthly period.
November 1: Beginning inventory 112 Units @ $20 November 5: Purchased 112 Units @ $22 November 8: Purchased 62 Units @ $23 November 16: Sold 174 Units @ $105 November 19: Purchased 75 Units @ $25 Using the weighted-average inventory method, the company's ending inventory would be:
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$5,541
$4,147
$2,240
$3,301
$4,115
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