Use the following inventory related information for Questions below

-Assuming a periodic inventory system is used, what is ending inventory under the Weighted-Average Cost method?
A) $2,314
B) $3,875
C) $2,025
D) $3,375

Question

Use the following inventory related information for Questions below
 
-Assuming a periodic inventory system is used, what is ending inventory under the Weighted-Average Cost method?
A) $2,314 
B) $3,875 
C) $2,025 
D) $3,375

Quizplus · Accepted Answer

Under the Weighted-Average Cost method in a periodic inventory system, the cost of goods available for sale is divided by the total units available for sale to find the average cost per unit. This average cost is then multiplied by the ending inventory units to determine the ending inventory value. The specific dollar amounts provided in the options are not directly calculable without additional data such as the cost of goods available for sale and the total units available. However, the correct process involves calculating the weighted average cost per unit and then applying it to the ending inventory quantity.

Use the Following Inventory Related Information for Questions Below