Given the Following Information, What Would the Ending Inventory Value

question 33

Multiple Choice

Given the following information, what would the ending inventory value per unit be on April 30 under the weighted-average method in a perpetual inventory system? $$\begin{array} { | l | l | } \hline \text { Dates } & \text { Units of Inventory } \\\hline \text { Opening Inventory } & 200 \text { units at } \$ 5.00 \\\hline \text { Purchases: } & \\\hline \text { April } 12 & 300 \text { units at } \$ 5.10 \\\hline \text { July 7 } & 400 \text { units at } \$ 5.25 \\\hline \text { Sales: }& \\\hline \text { August } 12 & 100 \text { units at } \$ 8.00 \\\hline \text { December } 15 & 500 \text { units at } \$ 8.20 \\\hline\end{array}$$

• A)$5.05
• B)$5.06
• C)$5.075
• D)$5.15

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Definitions:

Test Condition

A specific set of parameters or circumstances under which an experiment, test, or study is executed.

Implicit Premises

Unstated assumptions that underlie an argument, which are not expressed but are necessary for the argument's logic to hold.

Explicit Premises

Clearly stated assumptions or propositions that form the basis of an argument or reasoning.

Yogi Berra

An American professional baseball catcher, who was known for his humorous and paradoxical quotes.