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    Financial and Managerial Accounting Study Set 3
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    Exam 6: Inventories
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    Use This Information to Answer the Following Question
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Use This Information to Answer the Following Question

Question 15

Question 15

Multiple Choice

Use this information to answer the following question. Use this information to answer the following question.    -A periodic inventory system is used;ending inventory is 150 units. What is ending inventory under the average-cost method? A) $900 B) $1,050 C) $1,350 D) $1,200
-A periodic inventory system is used;ending inventory is 150 units.
What is ending inventory under the average-cost method?


A) $900
B) $1,050
C) $1,350
D) $1,200

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