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Given the Following Information, What Would the Ending Inventory Value

Question 67

Multiple Choice

Given the following information, what would the ending inventory value per unit be on April 30 under the weighted-average method in a perpetual inventory system?  Dates  Units of Inventory  Opening Inventory 200 units at $5.00 Purchases:  April 12300 units at $5.10 July 7 400 units at $5.25 Sales:  August 12100 units at $8.00 December 15500 units at $8.20\begin{array} { | l | l | } \hline \text { Dates } & \text { Units of Inventory } \\\hline \text { Opening Inventory } & 200 \text { units at } \$ 5.00 \\\hline \text { Purchases: } & \\\hline \text { April } 12 & 300 \text { units at } \$ 5.10 \\\hline \text { July 7 } & 400 \text { units at } \$ 5.25 \\\hline \text { Sales: }& \\\hline \text { August } 12 & 100 \text { units at } \$ 8.00 \\\hline \text { December } 15 & 500 \text { units at } \$ 8.20 \\\hline\end{array}


A) $5.05
B) $5.06
C) $5.075
D) $5.15

Correct Answer:

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