Use the following information for the month of May:

Assuming that a Moving Average perpetual inventory system is used, what is approximate ending inventory?

Select one:

a.

$1,880

b.

$1,900

c.

$1,963

d.

$1,837

e.

$1,920

May 1 Beginning inventory 20 units @ $16 7 Purchases 70 units @ $20 18 Sales 25 units 22 Purchases 40 units @ $22 29 Sales 10 units