Nolvo Company Uses the Periodic Inventory System

question 2

Multiple Choice

Nolvo Company uses the periodic inventory system.For February 2011, the beginning inventory consisted of 100 units that cost CHF65 each.During the month, the company made two purchases: 400 units at CHF68 each and 150 units at $72 each.Nolvo sold 500 units during the month of February at CHF110 per unit.Using the average cost method, what is the amount of ending inventory at February 28, 2011?

• A)CHF10,800.
• B)CHF10,500.
• C)CHF10,269.
• D)CHF9,750.

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