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Given the following data, calculate the cost of ending inventory using the weighted-average method ...

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Given the following data, calculate the cost of ending inventory using the weighted-average method ...

Given the following data, calculate the cost of ending inventory using the weighted-average method for a periodic inventory system, rounding to the nearest dollar. (Do not round in the process of your calculations, only round your final answer.)

1/1   Beginning inventory   50 units at $10 per unit
3/5   Purchases   30 units at $14 per unit
5/30   Purchases   25 units at $15 per unit
10/25   Purchases   20 units at $16 per unit
12/31   Ending inventory   45 units
A) $720
B) $619
C) $581
D) $450

Textbook

Cost Accounting: A Managerial Emphasis, Canadian Edition

Edition: 7^th

Authors: Horngren, Datar, Rajan, Beaubien

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msayed2004

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More solutions for this book are available here

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StormLrd Author

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I appreciate what you did here, answered it right Smiling Face with Open Mouth

Danivalda

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Brilliant ツ

gefa

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Just got PERFECT on my quiz

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