Using the Information Given Below for a Company That Uses

question 62

Essay

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

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Definitions:

Hard Liquor

A type of alcoholic beverage that is distilled rather than fermented, resulting in a higher alcohol content.

Ethyl Alcohol

A volatile, flammable, colorless liquid also known as ethanol, commonly used in alcoholic beverages.

Psychoactive Substance

A chemical substance that changes brain function and results in alterations in perception, mood, or consciousness.

Cough Suppressants

Medications or substances used to control or reduce the urge to cough, helping alleviate the symptoms of various respiratory conditions.