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On March 1, Miles Ltd. had $16418 in inventory. During the month, the company purchased inventory worth $185253. An inventory count on March 31 revealed

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On March 1, Miles Ltd. had $16418 in inventory. During the month, the company purchased inventory worth $185253. An inventory count on March 31 revealed inventory on hand of $23507. Assuming Miles uses a periodic inventory system, what is the cost of goods available for sale for the month of March? Select one: a. $201671 b. $178164 c. $16418 d. $225178 Check McLean Co. has the following data related to an item of inventory: Inventory, March 1 125 units @ $4.22 Purchase, March 7 369 units @ $4.36 Purchase, March 16 71 units @ $4.48 Inventory, March 31 169 units The value assigned to ending inventory if McLean uses periodic weighted average is: Select one: a. $734.15 b. $735.71 c. $565.12 d. $745.36

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