Given the Following Inventory Activity, What Is Ending Inventory Using

question 60

Multiple Choice

Given the following inventory activity, what is ending inventory using the perpetual average costing method? (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.)

• A)155 units @ $5.51
• B)80 units @ $6.00 and 15 units @ $5.50 and 60 units @ $5
• C)95 units @ $5.83 and 60 units @ $5
• D)55 units @ $6.00 and 40 units @ $5.50 and 60 units @ $5

---

Definitions:

Universal Bussing

A policy or system where bus transportation is provided to all people within a certain area, often for free or at a universal rate.

High School System

The educational institutions and organizational structure designed to provide secondary education and prepare students for higher education or the workforce.

School Vouchers

Government-funded scholarships given to parents to pay for their children’s education in a school of choice, rather than the public school to which they are assigned.

Social Environment

The immediate physical and social setting in which people live or in which something happens or develops, including the culture they belong to and the people they interact with.