A Company Purchases and Sells Roofoo

question 39

Multiple Choice

A company purchases and sells Roofoo. It began last year with five units of Roofoo on hand at a cost of $10 each, and during the year its purchases and sales were as follows:

What was the value of the ending inventory of Roofoo, using the moving weighted average assumption and a perpetual inventory system?

• A) $45
• B) $39
• C) $36.43
• D) $15

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