The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Fiskie, Inc., for an operating period.

-Assuming Fiskie, Inc., uses weighted-average (periodic) inventory procedures, the ending inventory cost is:
A) $1,092
B) $1,248
C) $1,272
D) $1,080
E) None of the above

Question

The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Fiskie, Inc., for an operating period. 
 
-Assuming Fiskie, Inc., uses weighted-average (periodic) inventory procedures, the ending inventory cost is:
A) $1,092 
B) $1,248 
C) $1,272 
D) $1,080 
E) None of the above

Quizplus · Accepted Answer

The ending inventory cost is $1,272 because the weighted-average cost per unit is $127.20 ($12,720 / 100 units) and the ending inventory is 10 units.

The Following Data Represent the Beginning Inventory And, in Order