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Given the Following Information, Determine the Cost of Ending Inventory

question 32

Multiple Choice

Given the following information, determine the cost of ending inventory at December 31 using the weighted average perpetual inventory method. December 2: 5 units were purchased at $7 per unit.
December 9: 10 units were purchased at $9.40 per unit.
December 11: 12 units were sold at $35 per unit.
December 15: 20 units were purchased at $10.15 per unit.
December 22: 18 units were sold at $35 per unit.


Definitions:

Coronary Artery Disease

A cardiovascular condition characterized by the narrowing or blockage of the coronary arteries, due to plaque buildup, which can lead to heart attacks.

Coronary Heart Disease

A condition characterized by reduced blood flow to the heart muscle due to the buildup of plaque in the coronary arteries.

Myocardium

The heart muscle.

Hypertension

A chronic medical condition in which the blood pressure in the arteries is persistently elevated, leading to increased risk of heart, brain, kidney, and other diseases.

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