Fairy Gardens Ltd Uses a Periodic Inventory System with the Weighted

Multiple Choice

Fairy Gardens Ltd uses a periodic inventory system with the weighted average method of cost assignment. The following data are available.
$$\begin{array} { l l r c l } & \text { Date } & \underline { \text { Units } } & \underline { \text { Unit } } \underline { \text { Cost } } & \frac { \text { Total } } { \text { Cost } } \\\\\text { Beginning inventory } & \text { Jan 1 } & 500 & \$ 10 & \$ 5000 \\\text { Purchase } & \text { Mar } 15 & 1500 & \$ 12 & \$ 18000 \\\text { Purchase } & \text { June 8 } & 2000 & \$ 13 & \$ 26000 \\\text { Ending inventory } & \text { Dec } 31 & 1000 & &\end{array}$$
The cost of the ending inventory to the nearest dollar is:

A) $ 5 000.
B) $12 250.
C) $13 000.
D) $49 000.