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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 110 Units @ $10
A company uses the periodic inventory system and had the following activity during the current monthly period.
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| November 1: | Beginning inventory | 110 Units @ $10 |
| November 5: | Purchased | 110 Units @ $26 |
| November 8: | Purchased | 60 Units @ $25 |
| November 16: | Sold | 166 Units @ $95 |
| November 19: | Purchased | 65 Units @ $20 |
Using the weighted-average inventory method, the company's ending inventory would be:
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