The ABC Enterprise Company Uses the Perpetual Inventory System What Is the Cost of Ending Inventory on April 30

question 87

Multiple Choice

The ABC Enterprise Company uses the perpetual inventory system. The company has the following data available for the month of April: $$\begin{array} { | l | l | l | l | } \hline \text { Date } & \text { Transaction } & \text { Units } & \text { Unit Cost } \\\hline \text { April 1 } & \text { Beginning inventory } & 200 & \$ 1.00 \\\hline \text { April 9 } & \text { Purchase } & 300 & \$ 1.10 \\\hline \text { April 10 } & \text { Sale } & 400 & \\\hline \text { April 15 } & \text { Purchase } & 400 & \$ 1.16 \\\hline \text { April 18 } & \text { Sale } & 300 & \\\hline \text { April 24 } & \text { Purchase } & 100 & \$ 1.26 \\\hline\end{array}$$
What is the cost of ending inventory on April 30 using moving average?

• A) $354
• B) $336
• C) $342
• D) $310