Question 1 Not yet answered In its first year of operations, a retailer made the following inventory purchases: 250 units at $7.40 each, 270 units at $8.50 each, and 200 at $10.00 each. At year end, there are 290 units remaining in inventory. The retailer used a periodic inventory system. Using the weighted average cost formula, the cost of ending inventory was: Marked out of 1.00 Select one: P Flag question O a $2,818 O b. $2,766 Oc. $2,580 O d. $2,624 o e. $2,475 Next page Chapter 8 Part 1 L01 and LO2 Lecture warnaints Jump to