Using the Information Given Below for a Company That Uses

Essay

Using the information given below for a company that uses a perpetual inventory system,calculate the ending inventory using weighted average.
$$\begin{array} { | l | l | l | } \hline & \text { Units } & \text { Unit Cost } \\\hline \text { Beginning inventory } & 100 & \$ 10 \\\hline \text { Tan. 5 purchased } & 40 & 12 \\\hline \text { Tan. 10 sold } & 60 & - \\\hline \text { Tan. 15 purchased } & 70 & 13 \\\hline \text { Tan. 25 sold } & 50 & - \\\hline\end{array}$$