Given the Following Information, Determine the Cost of Ending Inventory

question 170

Short Answer

Given the following information, determine the cost of ending inventory at November 30 using the weighted average perpetual inventory method.
November 3: 15 units were purchased at $8 per unit.
November 11: 18 units were purchased at $9.50 per unit.
November 15: 15 units were sold at $45 per unit.
November 18: 30 units were purchased at $10.75 per unit.
November 30: 20 units were sold at $55 per unit.

---

Definitions:

Cysteine Residues

The specific sites within proteins that contain the amino acid cysteine, often involved in forming disulfide bonds that stabilize protein structure.

Ninhydrin

A chemical used primarily in forensic science to detect amines in fingerprints, producing a distinctive blue or purple color.

Biosynthesis

The process by which living organisms produce complex compounds from simpler ones, often involving enzyme catalysis.

Strecker Synthesis

A chemical synthesis method for producing amino acids by reacting an aldehyde with ammonium chloride and potassium cyanide.