A company uses the periodic inventory system and had the following activity during the current monthly period.

November 1:	Beginning inventory	101 Units @ $25
November 5:	Purchased	101 Units @ $26
November 8:	Purchased	51 Units @ $25
November 16:	Sold	130 Units @ $50
November 19:	Purchased	20 Units @ $20

Using the weighted-average inventory method, the company's ending inventory would be:

Multiple Choice

• $1,675

• $2,525

• $2,925

• $4,200

• $3,576