Diligent Ltd Had 5 Units of the Commodity Algo on Hand

question 43

Multiple Choice

Diligent Ltd had 5 units of the commodity Algo on hand at 1 September 2016. The following purchases and sales were made during September:

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

• A) $1460
• B) $1480
• C) $1540
• D) $1590