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lasgow Enterprises started the period with 80 units in beginning inventory that cost $1.90 each. During the period, the company purchased inventory items as follows.
lasgow Enterprises started the period with 80 units in beginning inventory that cost $1.90 each. During the period, the company purchased inventory items as follows. Glasgow sold 265 units after purchase 3 for $1.90 each.
Purchase | No. of Items | Cost | ||||
1 | 400 | $ | 2.40 | |||
2 | 100 | $ | 2.50 | |||
3 | 60 | $ | 2.90 | |||
Glasgow's ending inventory under weighted average would be approximately: a. 900 b. 636 c. 786 d. 907
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