Question
Using the following inventory related information, assuming a periodic inventory system is used, what is ending inventory under the Weighted-Average Cost method? April 1 Beginning
Using the following inventory related information, assuming a periodic inventory system is used, what is ending inventory under the Weighted-Average Cost method?
April 1
Beginning Inventory
100 units @ $4
April 2
Sales
50 units
April 3
Purchases
300 units @ $6
April 10
Sales
250 units
April 21
Purchases
400 units @ $8
April 28
Sales
200 units
Select one:
A. $2,314
B. $3,875
C. $2,025
D. $3,375
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College Accounting Chapters 1-30
Authors: John Price, M. David Haddock, Michael Farina
15th edition
1259994975, 125999497X, 1259631117, 978-1259631115
