A Company Uses the Periodic Inventory System and Had the Following

Multiple Choice

A company uses the periodic inventory system and had the following activity during the
Current monthly period:.
$\begin{array}{|l|l|r|}\hline\text { November } 1: & \text { Beginning inventory } & 100 \text { units @\$20 } \\\hline \text { November } 5: & \text { Purchased } & 100 \text { units @\$22 } \\\hline \text { November } 8: & \text { Purchased } & 50 \text { units@\$23 } \\\hline \text { November } 16: & \text { Sold } & 200 \text { units@\$45 } \\\hline \text { November } 19: & \text { Purchased } & 50 \text { units@\$25 }\\\hline\end{array}$
Using the weighted-average inventory method,the company's ending inventory would be reported at:

A) $2,000
B) $2,200
C) $2,250
D) $2,400
E) $4,400