Given the Following Events, What Is the Per-Unit Value of Ending

question 53

Multiple Choice

Given the following events, what is the per-unit value of ending inventory on November 30 if this company uses a weighted average perpetual inventory system? November 1: 5 units were purchased at $6 per unit.
November 12: 10 units were purchased at $7.50 per unit.
November 14: 7 units were sold for $14 per unit.
November 24: 12 units were purchased at $10 per unit.

• A)$6.00
• B)$7.00
• C)$8.80
• D)$13.00
• E)$21.80

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Definitions:

Reversibility

The property of a process or action to be reversed, returning to its original state or condition without significant changes or consequences.

Ethical Screen

A set of criteria or principles used to make decisions that align with one's ethical or moral standards.

Social Responsibility

The obligation of individuals, groups, and organizations to act in a way that benefits society at large, including ethical practices, sustainability efforts, and community engagement.

Working Conditions

Refers to the environment and terms under which work is performed, including hours, physical aspects, legal rights, and responsibilities.