A company purchased 200 units for $40 each on January 31. It purchased 150 units for $35 each on February 28. It sold a total of 150 units for $80 each from March 1 through December 31. If the company uses the weighted - average inventory costing method, calculate the cost of ending inventory on December 31. (Assume that the company uses a perpetual inventory system. Round any intermediate cakulations two decimal places and your final answer to the nearest dollar.) O A. $5,678 O B. $7,500 C. $13,250 O D. $7,572

A company purchased 200 units for $40 each on January 31. It purchased 150 units for $35 each on February 28. It sold a total of 150 units for $80 each from March 1 through December 31. If the company uses the weighted - average inventory costing method, calculate the cost of ending inventory on December 31. (Assume that the company uses a perpetual inventory system. Round any intermediate cakulations two decimal places and your final answer to the nearest dollar.) O A. $5,678 O B. $7,500 C. $13,250 O D. $7,572

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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am. 106.
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What is the Weighted average cost per unit?
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