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Jacob, Inc. had the following balances and transactions during 2019: Beginning Merchandise Inventory 10 units at $95 March 10 Sold 8 units June 10 Purchased
Jacob, Inc. had the following balances and transactions during 2019:
Beginning Merchandise Inventory | 10 units at $95 |
March 10 | Sold 8 units |
June 10 | Purchased 20 units at $91 |
October 30 | Sold 14 units |
What is the amount of the company's ending Merchandise Inventory, as disclosed in the December 31, 2019 balance sheet, using the periodic
weightedaverage
inventory costing method? (Round the unit costs to two decimal places and total costs to the nearest dollar.)
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