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Madison Outlet has the following inventory transactions for the year: Date Transaction Numbers of Units Unit Cost Total cost Jan. 1 Beginning inventory 10 $
Madison Outlet has the following inventory transactions for the year: Date Transaction Numbers of Units Unit Cost Total cost Jan. 1 Beginning inventory 10 $ 200 $ 2,000 Mar. 14 Purchase 15 300 4,500 $ 6,500 Jan. 1 Dec. 31 Total sales to customers 12 What amount would Madison report for ending inventory using weighted-average cost? Multiple Choice $3,250. $3,120. $3,380. $3,000.
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