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Glasgow Enterprises started the period with 60 units in beginning inventory that cost $1.70 each. During the period, the company purchased inventory items as follows.

Glasgow Enterprises started the period with 60 units in beginning inventory that cost $1.70 each. During the period, the company purchased inventory items as follows. Glasgow sold 255 units after purchase 3 for $1.70 each.

PurchaseNo. of ItemsCost1380$2.202110$2.30350$2.70

Glasgow's ending inventory under weighted average would be approximately:(Round your intermediate calculations to 2 decimal places.)

Multiple Choice

  • $769.
  • $692.
  • $564.
  • $762.

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