A Company Purchased 100 Units for $30 Each on January

Multiple Choice

A company purchased 100 units for $30 each on January 31. It purchased 150 units for $25 on February 28. It sold a total of 150 units for $50 each from March 1 through December 31. If the company uses the weighted-average inventory costing method, calculate the amount of ending inventory on December 31. (Assume that the company uses a perpetual inventory system.)

A) $6,750
B) $2,700
C) $4,350
D) $2,900