Hanifee Company uses the periodic inventory system. For the current month, the beginning inventory consisted of 200 units that cost $65 each. During the month, the company made two purchases: 300 units at $69 each and 150 units at $70 each. The company also sold 500 units during the month.
Using the periodic weighted-average cost method, what is the cost of ending inventory?
A) $33,770
B) $10,200
C) $10,500
D) $33,400

Question

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The Answer of Hanifee Company uses the periodic inventory system. For the current month, the beginning inventory consisted of 200 units that cost $65 each. During the month, the company made two purchases: 300 units at $69 each and 150 units at $70 each. The company also sold 500 units during the month.
Using the periodic weighted-average cost method, what is the cost of ending inventory?
A) $33,770
B) $10,200
C) $10,500
D) $33,400

Hanifee Company Uses the Periodic Inventory System