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The SOS corporation uses the Average Cost Method for its inventory accounting. It has an initial Inventory of 504 widgets on 12/31/2012 with a total
The SOS corporation uses the Average Cost Method for its inventory accounting. It has an initial Inventory of 504 widgets on 12/31/2012 with a total cost of $2,016.0. The company bought 45 widgets costing a total of $157.5 on 2/3/2013. The company bought 66 costing a total of $231.0 on 6/6/13. Finally, the company bought 850 widgets costing a total of $2,125.0 on 9/9/2013. During 2013, the company sold 191 number of widgets. What is the balance in Inventory on 12/31/2013? $3,939.0 $2,431.1 $4,529.5 $4,140.5 $3,750.8
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