Purchase 1 2 3 Glasgow Enterprises started the period with 80 units in beginning inventory that cost $7.50 each. During the period, the company purchased inventory items as follows: Number of Items. 200 150 50 Glasgow sold 220 units after purchase 3 for $17.00 each. What is Glasgow's ending inventory under weighted-average (rounded)? Multiple Choice Cost $9.00 $ 9.30 $10.50 $2,361 Help Save & Exit

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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What is Glasglow’s ending inventory under weighted average (rounded)
Purchase
1
Glasgow Enterprises started the period with 80 units in beginning inventory that cost $7.50 each. During the period, the company purchased
inventory items as follows:
2
3
Number of
Items
200
150
50
Glasgow sold 220 units after purchase 3 for $17.00 each.
What is Glasgow's ending inventory under weighted-average (rounded)?
Multiple Choice
Cost
$9.00
$ 9.30
$10.50
$2,361
Help
Save & Exit
Transcribed Image Text:Purchase 1 Glasgow Enterprises started the period with 80 units in beginning inventory that cost $7.50 each. During the period, the company purchased inventory items as follows: 2 3 Number of Items 200 150 50 Glasgow sold 220 units after purchase 3 for $17.00 each. What is Glasgow's ending inventory under weighted-average (rounded)? Multiple Choice Cost $9.00 $ 9.30 $10.50 $2,361 Help Save & Exit
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