A Company Had Inventory on November 1 of 5 Units

question 143

Multiple Choice

A company had inventory on November 1 of 5 units at a cost of $20 each.On November 2,they purchased 10 units at $22 each.On November 6 they purchased 6 units at $25 each.On November 5,8 units were sold for $55 each.Using the Weighted Average perpetual inventory method,what was the value of the inventory on November 30?

• A)$304.00
• B)$404.00
• C)$299.33
• D)$280.00
• E)$276.00

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Definitions:

Society

A collection of people engaged in continuous social interactions, or a significant social group inhabiting the same geographical or social region, generally governed by the same political authority and prevailing cultural norms.

Diachronic

Pertaining to the study of phenomena, especially languages, as they change over time.

Authenticity

The quality of being genuine or true; often associated with the pursuit of actions or expressions that are consistent with one's true self or values.

Obfuscating

The act of making something unclear or difficult to understand, often intentionally to conceal the truth.