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.
$$\begin{array} { | l | l | r | } \hline \text { November 1: } & \text { Begnning inventory } & 100 \text { units } @ \$ 20 \\\hline \text { November 5: } & \text { Purchased } & 100 \text { units } @ \$ 22 \\\hline \text { November 8: } & \text { Purchased } & 50 \text { units } @ \$ 23 \\\hline \text { November 16: } & \text { Sold } & 200 \text { units } @\$ 45 \\\hline \text { November 19: } & \text { Purchased } & 50 \text { units } @ \$ 25\\\hline\end{array}$$
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