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Raptor Books has the following inventory schedule for its Financial Accounting textbooks. Date Quantity Unit Cost Sale Price Beginning Inventory 2/1/2021 35 $10 45 Purchase

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Raptor Books has the following inventory schedule for its Financial Accounting textbooks. Date Quantity Unit Cost Sale Price Beginning Inventory 2/1/2021 35 $10 45 Purchase Purchase Sale 2/6/2021 2/12/2021 $11 $12 25 60 $25 2/15/2021 2/21/2021 2/28/2021 55 Purchase Sale $13 40 $25 Assuming the company uses Weighted Average Cost for its inventory cost flow method, what is the weighted average cost of the inventory as of the sale on 2/28/2021? Weighted Average Cost on 2/28: (WAC) O $10.00 O $11.50 O $11.63 O $12.06 O $14.20 O $16.00 O $16.77

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