On May 1, Mikrotek, Inc During May, 300 Units Were Sold

question 66

Multiple Choice

On May 1, Mikrotek, Inc.had 120 units of a certain software package that cost $6 apiece.During May, the following purchases were made: $\begin{array}{ll}\text { May 7 } & 60 \text { units @ } \$ 9.00 \\15 & 80 \text { units } @ \$ 12.00 \\21 & 140 \text { units@ } \$ 10.50\end{array}$
During May, 300 units were sold.If Mikrotek uses the weighted average method, the cost of ending inventory would be

• A)$ 922.50
• B)$2, 767.50
• C)$ 937.50
• D)$2, 182.50

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