Consider the following information:

Units

Cost per unit

Total costs

Goods in inventory at start of year

1,600

$1.92

$3,072

Purchases, quarter 1

800

$1.40

$1,120

Purchases, quarter 2

1,000

$1.60

$1,600

Purchases, quarter 3

1,200

$1.80

$2,160

Purchases, quarter 4

800

$2.00

$1,600

$5,400

$9,552

Goods sold during the year: 3000 units

Using the weighted-average-cost method, the value of ending inventory is:

Select one:

a.

$4,400.

b.

$4,192.

c.

$4,245.

d.

$5,040.

e.

None of the above answers is correct.