Question
Trifecta Company uses the perpetual weighted average method of inventory valuation and rounds intermediate calculations to the nearest hundredth (cent). Ending inventory after the March
Trifecta Company uses the perpetual weighted average method of inventory valuation and rounds intermediate calculations to the nearest hundredth (cent). Ending inventory after the March 15th sale is closest to: Date Activities Units Acquired at Cost Units Sold at Retail Jan. 1 Beginning inventory 1,200 units @ $ 90/unit Feb. 10 Purchase 700 units @ $ 84/unit Mar. 13 Purchase 400 units @ $ 58/unit Mar. 15 Sales Aug. 21 Purchase 300 units @ $ 80/unit Sept. 5 Purchase 1,090 units @ $ 92/unit Sept. 10 Sales 1,230 units @ $130/unit 1,015 units @ $130/unit Totals 3,690 units 2,245 units
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