Monarch Company Uses a Weighted-Average Perpetual Inventory System,and Has the Following

question 171

Multiple Choice

Monarch Company uses a weighted-average perpetual inventory system,and has the following purchases and sales:
-What is the value of ending inventory? (Round average cost per unit to 2 decimal places and final answer to the nearest dollar.)

• A)$278.
• B)$272.
• C)$126.
• D)$398.
• E)$120.

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Definitions:

Earnings Per Share

A company's profit divided by the number of outstanding shares of its common stock, indicating profitability.

Total Equity

The total of all ownership interests in a company, calculated as the difference between total assets and total liabilities; also known as shareholders' equity or owner's equity.

Bonds Outstanding

Bonds outstanding are the total amount of bonds issued by a company that are not yet redeemed and are currently held by investors.

Firm

A business organization, such as a corporation, partnership, or sole proprietorship, engaged in commercial, industrial, or professional activities.