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Chris Company uses the perpetual inventory system and had the following activity during the current monthly period. November 1: Beginning Inventory of 100 units @$20
Chris Company uses the perpetual inventory system and had the following activity during the current monthly period.
November 1: Beginning Inventory of 100 units @$20
November 5: Purchased 100 units @ $22
November 8: Purchased 50 units @$23
November 16: Sold 200 units @ $45
November 19: Purchased 50 units @ $25
Using the weighted-average inventory method, the company's ending inventory would be reported at:
A) $2,200.
B) $2,320.
C) $2,250.
D) $2,400.
E) $2,270.
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