99) A company uses the periodic inventory system and had the following activity during the current monthly period. Date November 1 November 5 November 8 Activities Beginning inventory Purchase Purchase November 16 Sales A) $3,360 B) $4,444 C) $3,780 D) $2,536 E) $5,896 November 19 Purchase Units Acquired at Cost Units Sold at Retail 168 units @ $20 = $3,360 134 units @ $22 = $2,948 84 units @ $23 = $1,932 84 units @ $25 = $2,100 268 units @ $45 Using the weighted-average inventory method, the company's ending inventory would be:
99) A company uses the periodic inventory system and had the following activity during the current monthly period. Date November 1 November 5 November 8 Activities Beginning inventory Purchase Purchase November 16 Sales A) $3,360 B) $4,444 C) $3,780 D) $2,536 E) $5,896 November 19 Purchase Units Acquired at Cost Units Sold at Retail 168 units @ $20 = $3,360 134 units @ $22 = $2,948 84 units @ $23 = $1,932 84 units @ $25 = $2,100 268 units @ $45 Using the weighted-average inventory method, the company's ending inventory would be:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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
Transcribed Image Text:99) A company uses the periodic inventory system and had the following activity during the
current monthly period.
Date
November 1
November 5
November 8
November 16
Activities
Beginning
inventory
Purchase
A) $3,360
B) $4,444
C) $3,780
D) $2,536
E) $5,896
Purchase
Sales
November 19 Purchase
Units Acquired at Cost Units Sold at
Retail
168 units @ $20 =
$3,360
134 units @ $22 =
$2,948
84 units @ $23 =
$1,932
84 units @ $25 =
$2,100
268 units @ $45
Using the weighted-average inventory method, the company's ending inventory would be:
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