Multiple Choice
A company purchased 100 units for $50 each on January 31.It purchased 200 units for $30 each on February 28.It sold a total of 250 units for $60 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.Round any intermediate calculations two decimal places,and your final answer to the nearest dollar. )
A) $11,000
B) $1,833.5
C) $9,167
D) $2,000
Correct Answer:
Verified
Correct Answer:
Verified
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