Beginning inventory Sales, Jan. 1-Jan. 10 Purchase, Jan. 11 Sales, Jan. 12-Jan. 20 Purchase, Jan. 21 Sales, Jan. 22-31 70 units @ $300 per unit 50 units 40 units @ $309 per unit 50 units 50 units @ $315 per unit 40 units Assuming the Weighted-Average method is used, what is the total cost of Donovan's ending inventory on January 31? Select one: A. $6,270 0 B. $6,000 C. $6,300 D. $6,200
Beginning inventory Sales, Jan. 1-Jan. 10 Purchase, Jan. 11 Sales, Jan. 12-Jan. 20 Purchase, Jan. 21 Sales, Jan. 22-31 70 units @ $300 per unit 50 units 40 units @ $309 per unit 50 units 50 units @ $315 per unit 40 units Assuming the Weighted-Average method is used, what is the total cost of Donovan's ending inventory on January 31? Select one: A. $6,270 0 B. $6,000 C. $6,300 D. $6,200
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Donovan Company, which uses the perpetual inventory system, had the following inventory records for the month of January.
Beginning inventory
Sales, Jan. 1-Jan. 10
Purchase, Jan. 11
Sales, Jan. 12-Jan. 20
Purchase, Jan. 21
Sales, Jan. 22-31
70 units @ $300 per unit
50 units
40 units @ $309 per unit
50 units
50 units @ $315 per unit
40 units
Assuming the Weighted-Average method is used, what is the total cost of Donovan's ending inventory on January 31?
Select one:
A. $6,270
B. $6,000
C. $6,300
D. $6,200](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F44193ec1-3b6e-49d1-9111-00cce7a4225d%2F57db9e8c-a514-4c77-9d39-93f0dd4cd9e8%2Fygzq7gk_processed.png&w=3840&q=75)
Transcribed Image Text:Donovan Company, which uses the perpetual inventory system, had the following inventory records for the month of January.
Beginning inventory
Sales, Jan. 1-Jan. 10
Purchase, Jan. 11
Sales, Jan. 12-Jan. 20
Purchase, Jan. 21
Sales, Jan. 22-31
70 units @ $300 per unit
50 units
40 units @ $309 per unit
50 units
50 units @ $315 per unit
40 units
Assuming the Weighted-Average method is used, what is the total cost of Donovan's ending inventory on January 31?
Select one:
A. $6,270
B. $6,000
C. $6,300
D. $6,200
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