Alphabet Company, Which Uses the Periodic Inventory Method, Purchases Different

question 86

Multiple Choice

Alphabet Company, which uses the periodic inventory method, purchases different letters for resale.Alphabet had no beginning inventory.It purchased A thru G in January at $4 per letter.In February, it purchased H thru L at $6 per letter.It purchased M thru R in March at $7 per letter.It sold A, D, E, H, J and N in October.There were no additional purchases or sales during the remainder of the year.
-Use the information above to answer the following question.If Alphabet Company uses the weighted average method,what is the cost of its ending inventory? (Round the per unit cost to two decimal places and then round your answer to the nearest whole dollar.)

• A) $38
• B) $48
• C) $67
• D) $75

---

Definitions:

System Requirements

The minimum hardware and software specifications necessary for a software application or operating system to function effectively.

4 GHz

A frequency of 4 gigahertz, often refering to the processing speed of a computer's CPU or the frequency band of a wireless transmitter.

Microsoft Account

An online account service provided by Microsoft, allowing access to a wide range of services and devices across the Microsoft ecosystem.

Windows Device

A device, such as a computer or tablet, that operates using Microsoft Windows operating system.