A Company Made the Following Merchandise Purchases and Sales During

question 161

Essay

A company made the following merchandise purchases and sales during the month of May:
$\begin{array}{|l|l|l|l|}\hline \text { May 1 purchased } & 380 & \text { units at } & \$ 15 \text { each } \\\hline \text { May 5 purchased } & 270 & \text { units at } & \$ 17 \text { each } \\\hline \text { May 10 sold } & 400 & \text { units at } & \$ 50 \text { each } \\\hline \text { May 20 purchased } & 300 & \text { units at } & \$ 22 \text { each } \\\hline \text { May 25 sold } & 400 & \text { units at } & \$ 50 \text { each }\\\hline\end{array}$

There was no beginning inventory.If the company uses the weighted average periodic method,what would be the cost of the ending inventory?

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Definitions:

Intoxicated Persons

Individuals whose normal capacity to act or make decisions is significantly impaired due to the consumption of alcohol or drugs.

Alcohol

A chemical compound that is commonly found in drinks such as beer, wine, and spirits, and is known for its psychoactive effects.

Drugs

Substances used in the diagnosis, treatment, or prevention of diseases, and can also refer to illicit substances abused for recreational purposes.

Disaffirm Purchases

Refers to the legal act of voiding or canceling a purchase or contract, typically in contexts where one party lacks the capacity or legal right to make the purchase initially.