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Inventory records for Capetown, Incorporated revealed the following: Date Transaction Number of Units Unit Cost April 1 Beginning Inventory 490 $ 2.45 April 20 Purchase
Inventory records for Capetown, Incorporated revealed the following: Date Transaction Number of Units Unit Cost April 1 Beginning Inventory 490 $ 2.45 April 20 Purchase 370 2.78 Capetown sold 600 units of inventory during the month. What is the amount of ending inventory assuming weighted-average cost? (Round weighted-average unit cost to 4 decimals and round your final answer to the nearest whole dollar.)
Multiple Choice
a/ $653
b/ $680
c/ $754- Incorrect
d/ $674
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