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A company uses the periodic inventory system and had the following activity during the current monthly period. Date Activities Units Acquired at Cost Units Sold
A company uses the periodic inventory system and had the following activity during the current monthly period. Date Activities Units Acquired at Cost Units Sold at RetailNovember 1 Beginning inventory 168 units @ $20 = $3,360 November 5 Purchase 134 units @ $22 = $2,948 November 8 Purchase 84 units @ $23 = $1,932 November 16 Sales 268 units @ $45November 19 Purchase 84 units @ $25 = $2,100 Using the weighted-average inventory method, the companys ending inventory would be:Multiple Choice$3,360$4,444$3,780$2,536$5,896
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