Nolvo Company Uses the Periodic Inventory System

Multiple Choice

Nolvo Company uses the periodic inventory system.For February 2011, the beginning inventory consisted of 100 units that cost CHF65 each.During the month, the company made two purchases: 400 units at CHF68 each and 150 units at $72 each.Nolvo sold 500 units during the month of February at CHF110 per unit.Using the average cost method, what is the amount of ending inventory at February 28, 2011?

A) CHF10,800.
B) CHF10,500.
C) CHF10,269.
D) CHF9,750.