Use the Information Above to Answer the Following Question

question 83

Multiple Choice

Use the information above to answer the following question.If the company uses the weighted average inventory costing method,what is the cost of its ending inventory?

• A)$4,200.
• B)$2,700.
• C)$1,400.
• D)$1,365.

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Definitions:

Preferred Stock

is a type of stock that provides a specific dividend that is paid before any dividends are paid to common stock holders, and typically does not have voting rights.

Periodic Payments

Recurring payments made over a period of time, such as monthly mortgage or insurance payments.

Voting Rights

The rights of shareholders to vote on corporate matters, such as the election of the board of directors.

Supreme Court

The highest judicial court in a country or state, which has the ultimate authority to adjudicate disputes and interpret the law.