120 units of a certain software package that cost $6 per unit. During August, the following purchases were made: August 7 60 units @ $9.00 per unit 15 80 units @ $12.00 per unit 21 140 units @ $10.50 per unit During August, 300 units were sold. If Micro Encoders uses the weighted average method, the cost of ending inventory would be a. $937.50. b. $2,767.50. c. $2,812.20. d. $922.50.

120 units of a certain software package that cost $6 per unit. During August, the following purchases were made: August 7 60 units @ $9.00 per unit 15 80 units @ $12.00 per unit 21 140 units @ $10.50 per unit During August, 300 units were sold. If Micro Encoders uses the weighted average method, the cost of ending inventory would be a. $937.50. b. $2,767.50. c. $2,812.20. d. $922.50.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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