Jammer Company Uses a Weighted Average Perpetual Inventory System and Reports

question 27

Multiple Choice

Jammer Company uses a weighted average perpetual inventory system and reports the following: $$\begin{array} { | l | l | l | } \hline \text { August 2 } & \text { Purchase } & 10 \text { units at } \$ 12 \text { per unit. } \\\hline \text { August 18 } & \text { Purchase } & 15 \text { units at } \$ 15 \text { per unit. } \\\hline \text { August 29 } & \text { Sale } & 20 \text { units. } \\\hline \text { August 31 } & \text { Purchase } & 14 \text { units at } \$ 16 \text { per unit. } \\\hline\end{array}$$ What is the per-unit value of ending inventory on August 31?

• A)$17.74
• B)$13.80
• C)$12.00
• D)$16.00
• E)$15.42

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Definitions:

Hemi-

A prefix meaning 'half,' used to denote one side of something or symmetry within biological contexts.

Cerebr/o

Refers to the cerebrum, the largest part of the brain associated with higher brain function such as thought and action.

Encephal/o

A prefix denoting something related to the brain, often used in medical terms.

Motor Cortex

The region of the cerebral cortex involved in the planning, control, and execution of voluntary movements.