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Remote Company had the following information pertaining to inventory: Units Unit Price Total Cost January 1 Beginning inventory 300 $2.40 $720 April 10 1st purchase
Remote Company had the following information pertaining to inventory: Units Unit Price Total Cost January 1 Beginning inventory 300 $2.40 $720 April 10 1st purchase 200 2.45 490 July 15 2nd purchase 200 2.50 500 December 1 3rd purchase 100 2.90 290 800 $2,000 At the end of the period, the company took a physical inventory and determined that there are 190 units on hand. What amount should be assigned to the ending inventory under the weighted-average periodic inventory method? a. $475 b. $486 c. $551 d. $456
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