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JB Adams Inc. had the following purchase transactions in May Date of Purchase Number of Units Cost per Unit Total Cost May 5 500 $4

JB Adams Inc. had the following purchase transactions in May

Date of Purchase Number of Units Cost per Unit Total Cost
May 5 500 $4 $2,000
May 10 700 $6 $4,200
May 15 400 $4.50 1,800

Adams sells 1,200units on May 11 and uses the Weighted Average method of inventory costing. What is Adams' Ending Inventory?

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8,000

800

1,800

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