Given the Following Events, What Is the Per-Unit Value of Ending

question 53

Multiple Choice

Given the following events, what is the per-unit value of ending inventory on November 30 if this company uses a weighted average perpetual inventory system? November 1: 5 units were purchased at $6 per unit.
November 12: 10 units were purchased at $7.50 per unit.
November 14: 7 units were sold for $14 per unit.
November 24: 12 units were purchased at $10 per unit.

• A)$6.00
• B)$7.00
• C)$8.80
• D)$13.00
• E)$21.80

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Definitions:

Stock Price

The current market value of a share of a company's stock, determined by supply and demand dynamics in the stock market.

Dividend Yield

A measure of financial performance showing the annual dividends issued by a company relative to its stock price.

Stock Depreciates

Occurs when the market value of a stock decreases over time due to various factors such as poor company performance or market downturns.

Dual Class Stock

A corporate structure where two or more classes of shares are issued, with different voting rights and dividend payments, typically used to retain control among a select group of shareholders.