Table 6-6 Sam's Wholesale Bikes -Refer to Table 6-6

question 18

Multiple Choice

Table 6-6 Sam's Wholesale Bikes $\begin{array} { | l | l | } \hline \text { January } 1 \text { inventory balance } & 15 \text { units at } \$ 350 \text { per unit } \\\hline \text { January } 4 \text { purchase } & 50 \text { units at } \$ 375 \text { per unit } \\\hline \text { January } 15 \text { sale } & 40 \text { units at } \$ 550 \text { per unit } \\\hline \text { February } 8 \text { purchase } & 80 \text { units at } \$ 405 \text { per unit } \\\hline \text { February } 15 \text { sale } & 70 \text { units at } \$ 550 \text { per unit } \\\hline\end{array}$
-Refer to Table 6-6. What is the value of the February ending inventory assuming that Sam's uses the periodic weighted-average inventory method?

• A)$12,845
• B)$17,408
• C)$13,614
• D)$10,603

---

Definitions:

Cochlea

A spiral-shaped cavity in the inner ear containing the organ of Corti, which produces nerve impulses in response to sound vibrations.

Cornelius Vanderbilt

An American industrialist and philanthropist who built his wealth in railroads and shipping during the 19th century.

Jenny Jerome

An American socialite best known as the mother of Winston Churchill, Prime Minister of the United Kingdom during World War II.

Stenographers

Professionals who specialize in the transcribing of speech, often in legal or business settings, into written form using shorthand or a stenotype machine.