activity for a specific inventory item for the month of March was as follows: # of Per UnitTotal Units CostCostOctober 1inventoryPurchases: 30$28$840October 5100303,000October 1360321, 920October 1590363.240Goods Available forSale 280$9,000Sales:October 8110October 22120230 Using weighted average cost under a periodic inventory system,what is the balance of Ending Inventory (round intermediate and final calculations to the nearest dollar) as at October31?$2,160 $1,980$1,920$2,040

To determine the ending inventory using the weighted average cost method under a periodic inventory…

Answered: activity for a specific inventory item…

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter7: Inventories

Section: Chapter Questions

Problem 4PEA: Beginning inventory, purchases, and sales for 30xT are as follows: Assuming a perpetual inventory...

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