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Madison Outlet has the following inventory transactions for the year. Date Jan. 1 Mar. 14 Transaction Beginning inventory Purchase Numbers of Units 10 15 Unit
Madison Outlet has the following inventory transactions for the year. Date Jan. 1 Mar. 14 Transaction Beginning inventory Purchase Numbers of Units 10 15 Unit Cost $200 300 Total cost $2,000 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 O $3,000 O $3,380 o o o o o $3,250 O $3.120
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