Given the following inventory activity, what is ending inventory using the perpetual average costing method? (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.)
A)155 units @ $5.51
B)80 units @ $6.00 and 15 units @ $5.50 and 60 units @ $5
C)95 units @ $5.83 and 60 units @ $5
D)55 units @ $6.00 and 40 units @ $5.50 and 60 units @ $5

Question

Given the following inventory activity, what is ending inventory using the perpetual average costing method? (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.) 
A)155 units @ $5.51 
B)80 units @ $6.00 and 15 units @ $5.50 and 60 units @ $5 
C)95 units @ $5.83 and 60 units @ $5 
D)55 units @ $6.00 and 40 units @ $5.50 and 60 units @ $5

Quizplus · Accepted Answer

The Answer of Given the following inventory activity, what is ending inventory using the perpetual average costing method? (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.) 
A)155 units @ $5.51 
B)80 units @ $6.00 and 15 units @ $5.50 and 60 units @ $5 
C)95 units @ $5.83 and 60 units @ $5 
D)55 units @ $6.00 and 40 units @ $5.50 and 60 units @ $5

Given the Following Inventory Activity, What Is Ending Inventory Using