Use the following inventory related information for Questions below
On September 1, the beginning inventory was 110 units at $50 each. Purchases and sales during September were:

-What is the cost of ending inventory for September if the periodic weighted-average costing alternative is used? (Round your answer to the nearest dollar)
A) $ 966
B) $6,338
C) $5,363
D) $6,276

Question

Use the following inventory related information for Questions below
On September 1, the beginning inventory was 110 units at $50 each. Purchases and sales during September were:
 
-What is the cost of ending inventory for September if the periodic weighted-average costing alternative is used? (Round your answer to the nearest dollar)
A) $ 966 
B) $6,338 
C) $5,363 
D) $6,276

Quizplus · Accepted Answer

The periodic weighted-average cost method calculates the cost of ending inventory by taking the total cost of goods available for sale during the period and dividing it by the total units available for sale, then multiplying the average cost per unit by the ending inventory units. Without specific numbers for the total cost of goods available and the units available for sale, the correct answer cannot be directly calculated from the information provided. However, based on the question's context, choice B is indicated as the correct answer.

Use the Following Inventory Related Information for Questions Below