Using the information given below for a company that uses a perpetual inventory system,calculate the ending inventory using weighted average.
Definitions:
Sales Amount
The total revenue generated from the sale of goods or services over a specific period.
FOB Destination
A shipping term indicating that the seller is responsible for the goods and the cost of transport until they are delivered to the buyer's location.
Prepaid Freight Costs
Expenses paid in advance for the transportation of goods.
Purchases Discount
A reduction in the price paid for goods and services if payment is made within a certain period, often used to encourage early payment.
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