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Omaha Co. uses periodic, weight average inventory system. The company purchased 313,000 units of inventory for $328.70 on 4/1; 391,250 units of inventory for $335.30
Omaha Co. uses periodic, weight average inventory system. The company purchased 313,000 units of inventory for $328.70 on 4/1; 391,250 units of inventory for $335.30 on 4/10; and 469,500 units of inventory for 341.80 on4/20. They sold 375,600 units on 4/15 and 563,400 units on 4/30. What should the company report as ending inventory on April 30th?
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