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.
$$\begin{array} { | l | c | r | } \hline & \text { Units } & { \text { Unit Cost } } \\\hline \text { Beginning inventory } & 100 & \$10 \\\hline \text { Jan. 5 purchased } & 40 &12 \\\hline \text { Jan. 10 sold } & 60 &- \\\hline \text { Jan. 15 purchased } & 70 &13 \\\hline \text {Jan. 25 sold } & 50 &- \\\hline\end{array}$$