A Company Made the Following Merchandise Purchases and Sales During

question 89

Essay

A company made the following merchandise purchases and sales during the month of May:
$$\begin{array} { | l | l | l | l | } \hline \text { May l } & \text { Pur chased } & 380 \text { units at } & \$ 15 \text { each } \\\hline \text { May 5 } & \text { Pur chased } & 270 \text { units at } & \$ 17 \text { each } \\\hline \text { May 10 } & \text { Sold } & 400 \text { units at } & \$ 50 \text { each } \\\hline \text { May 20 } & \text { Pur chased } & 300 \text { units at } & \$ 22 \text { each } \\\hline \text { May 25 } & \text { Sold } & 400 \text { units at } & \$ 50 \text { each } \\\hline\end{array}$$ There was no beginning inventory. If the company uses the weighted average periodic method, what would be the cost of the ending inventory?

---

Definitions:

Overestimated

To assess or judge something to be greater, larger, or more important than it actually is.

Plus or Minus

Often used to indicate the precision of an estimate, measurement, or mathematical result, representing a range of possible values.

Sensory

Relating to or involving the senses or sensation, including sight, sound, taste, touch, and smell.

Short-Term

Pertaining to a limited time period, often in reference to memory, indicating retention of information for a brief duration.