Florida Inc Uses a Periodic Inventory System with the Weighted

Multiple Choice

Florida Inc uses a periodic inventory system with the weighted average method of cost assignment.The following data are available: $\begin{array}{lllll}&&&& \text { Total }\\&\text { Date }&\text { Units }&\text { Unit Cost }&\text { Cost }\\\text { Beginning Inventory } & \text { Jan 1 } & 2000 & \$ 6 & \$ 12000 \\\text { Purchase } & \text { Mar 13 } & 4000 & \$ 7 & \$ 28000 \\\text { Purchase } & \text { June 20 } & 6000 & \$ 8 & \$ 48000 \\\text { Ending Inv entory } & \text { Dec } 31 & 1000 & &\end{array}$ The cost of the ending inventory to the nearest dollar is:

A) $8333
B) $8000
C) $7300
D) $6000