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Inventory records for Marvin Company revealed the following: Date Transaction Number of Units Unit Cost Mar. 1Beginning Inventory 1,000 $ 7.20 Mar. 10Purchase 600 7.25
Inventory records for Marvin Company revealed the following: Date Transaction Number of Units Unit Cost Mar. 1Beginning Inventory 1,000 $ 7.20 Mar. 10Purchase 600 7.25 Mar. 16Purchase 800 7.30 Mar. 23Purchase 600 7.35 Marvin sold 2,300 units of inventory during the month. Ending inventory assuming weighted-average cost would be: (Round weighted-average unit cost to 4 decimals) A) $5,087. B) $5,107. C) $5,077. D) $5,005
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