Using the information given below for a company that uses a perpetual inventory system,calculate the ending inventory using weighted average.
$$\begin{array} { | l | c | r | }
\hline & \text { Units } & { \text { Unit Cost } } \
\hline \text { Beginning inventory } & 100 & \$10 \
\hline \text { Jan. 5 purchased } & 40 &12 \
\hline \text { Jan. 10 sold } & 60 &- \
\hline \text { Jan. 15 purchased } & 70 &13 \
\hline \text {Jan. 25 sold } & 50 &- \
\hline
\end{array}$$

Question

Using the information given below for a company that uses a perpetual inventory system,calculate the ending inventory using weighted average.
 $$\begin{array} { | l | c | r | } 
\hline & \text { Units } &  { \text { Unit Cost } } \
\hline \text { Beginning inventory } & 100 & \$10 \
\hline \text { Jan. 5 purchased } & 40 &12 \
\hline \text { Jan. 10 sold } & 60 &- \
\hline \text { Jan. 15 purchased } & 70 &13 \
\hline \text {Jan. 25 sold } & 50 &- \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Using the information given below for a company that uses a perpetual inventory system,calculate the ending inventory using weighted average.
 $$\begin{array} { | l | c | r | } 
\hline & \text { Units } &  { \text { Unit Cost } } \
\hline \text { Beginning inventory } & 100 & \$10 \
\hline \text { Jan. 5 purchased } & 40 &12 \
\hline \text { Jan. 10 sold } & 60 &- \
\hline \text { Jan. 15 purchased } & 70 &13 \
\hline \text {Jan. 25 sold } & 50 &- \
\hline
\end{array}$$

Using the Information Given Below for a Company That Uses