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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 of 114 Units @
A company uses the periodic inventory system and had the following activity during the current monthly period.
November 1: Beginning inventory of 114 Units @ $30
November 5: Purchased 114 Units @ $26
November 8: Purchased 64 Units @ $30
November 16: Sold 182 Units @ $115
November 19: Purchased 85 Units @ $30
Using the weighted-average inventory method, the company's ending inventory would be:
$3,420
$7,890
$5,970
$4,470
$5,614
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