Multiple Choice
Given the following information, determine the cost of ending inventory at December 31 using the weighted average perpetual inventory method. Assume this is the first month of the company's operations. December 2: 5 units were purchased at $7 per unit.
December 9: 10 units were purchased at $9.40 per unit.
December 12: 2 units were sold.
A) $17.20
B) $111.80
C) $129.00
D) $94.00
E) $8.60
Correct Answer:
Verified
Correct Answer:
Verified
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