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The beginning inventory for Collins Company consists of 600 units valued at $20 each. Three purchases of 200 units each were made during the year

The beginning inventory for Collins Company consists of 600 units valued at $20 each. Three purchases of 200 units each were made during the year at $21, $22, and $24 per unit, respectively. A physical count reveals 500 units on hand at December 31, which is the end of the accounting period. What is the value of the ending inventory under a weighted average system?

A.

$11,300

B.

$10,583

C.

$11,000

D.

$10,000

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