Readers.com uses a perpetual inventory system. 
If Readers.com uses the moving average method, how much is ending inventory on February 28?
Definitions:
Nominal Rate
The stated interest rate of a loan or investment, before adjusting for compounding or inflation.
Compounded Quarterly
Interest calculation method where interest is added to the principal sum at the end of every quarter, thus earning interest on interest.
Compounded Nominal
Refers to the calculation of interest added to the principal amount of a deposit or loan based on both the initial principal and the accumulated interest from previous periods.
Triple
To increase or become three times as much in size, number, or amount.
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