Multiple Choice
A company had inventory on November 1 of 5 units at a cost of $20 each.On November 2,the company purchased 10 units at $22 each.On November 5,the company sold 8 units for $55 each.On November 6,the company purchased 6 units at $25 each.The company uses a perpetual inventory system.Using the weighted average method,what is the value of the ending inventory on November 30? (Round each per unit cost to two decimal places and then round your answer to the nearest whole dollar.)
A) $304
B) $404
C) $299
D) $280
Correct Answer:
Verified
Correct Answer:
Verified
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