Using the Weighted Average method: Beginning inventory on August 1 has 2 items valued at $100 each. On August 8, three items were purchased for $250 per unit. On August 10, two units at $300 each were purchased. On August 20, three units were sold. What is the value of inventory on hand? $221.49 times 3 = $664 47 $221 times 7 = $1, 547 $221.43 times 4 = $885.72 $200 times 4 = $800