Question 1 Greenwood Corporation began its fiscal year with an inventory of 50 units valued at $11 per unit. During the year Greenwood made the following purchases: Date Units Purchased Unit Cost February 101 700 $12.00 June 3 750 $15.00 August 23 1,100 $16.50 At the end of the year, 50 units remained in inventory. Determine: a) The weighted average cost of the beginning inventory and all units purchased during the year b) The value of the ending inventory based on the weighted- average cost calculated in a