Chocolate Inc. merchandises yummy candy bars and its 2021 financial statements are a mess. It wants to get things back in order, so it started with a physical inventory count. At the beginning of this year Chocolate Inc. counted 250 candy bars valued at $110 each (these are really good candy bars!). It also has record of purchasing 4,800 candy bars during 2021 at $140 per bar.

Chocolate Inc. counted at the end of this year, finding 200 bars. If the company uses the weighted average method cost flow assumption, what is the value of the 12/31/21 ending inventory? Assume the average cost per unit is rounded to the nearest whole dollar.

Group of answer choices

$606,250

$34,750

$27,800

$669,300