Use the Following Information for Questions

question 21

Multiple Choice

Use the following information for questions
Glasgow Enterprises started the period with 80 units in beginning inventory that cost $7.50 each.During the period,the company purchased inventory items as follows
Glasgow sold 220 units after purchase 3 for $17.00 each.

-Glasgow's ending inventory under weighted average would be approximately:

• A)$2,361.
• B)$2,340.
• C)$1,980.
• D)$1,998.

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Definitions:

Federal Government

The national government of a federal country, where powers are divided between the central authority and constituent political units (states or provinces).

Freedpeople

Formerly enslaved individuals who were emancipated during and after the American Civil War.

Forty Acres and a Mule

A post-Civil War promise made to African Americans to provide them with farmland and a mule to jump-start their new lives, which was largely unfulfilled.

Black Southern University

Historically black universities located in the Southern United States, established primarily to educate African-American students during segregation.