Use this information to answer the following question.
A periodic inventory system is used.
-Using the average-cost method,the cost assigned to ending inventory is
A)$3,036.
B)$3,168.
C)$3,384.
D)$8,556.

Question

Use this information to answer the following question.  
A periodic inventory system is used.
-Using the average-cost method,the cost assigned to ending inventory is
A)$3,036. 
B)$3,168. 
C)$3,384. 
D)$8,556.

Quizplus · Accepted Answer

The average-cost method assigns the average cost of all units available for sale during the period to the ending inventory. In this case, the average cost is $3,036 ($8,556 ÷ 2,820 units).

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