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.

---

Definitions:

High-Price Policy

A strategy where a firm sets the prices of its products or services higher than its competitors, often to signal higher quality or to cover higher costs.

Nonprice Competition

Competition based on distinguishing one’s product by means of product differentiation and then advertising the distinguished product to consumers.

Independent Pricing

A pricing strategy where prices are set based on internal considerations or costs rather than being influenced by competitors or market prices.

Diagram

A graphical representation used to illustrate relationships, data, or processes in a clear and concise manner.