A Company Uses the Periodic Inventory System and Had the Following

question 4

Multiple Choice

A company uses the periodic inventory system and had the following activity during the current monthly period.
$\begin{array}{|l|l|r|}\hline \text { November 1: } & \text { Beginning inventory } & 100 \text { units@\$20 } \\\hline \text { November 5: } & \text { Purchased } & 100 \text { units@\$22 } \\\hline \text { November 8: } & \text { Purchased } & 50 \text { units@\$23 } \\\hline \text { November 16: } & \text { Sold } & 200 \text { units@\$45 } \\\hline \text { November 19: } & \text { Purchased } & 50 \text { units@\$25 } \\\hline\end{array}$
Using the weighted-average inventory method, the company's ending inventory would be reported at:

• A) $2,000
• B) $2,200
• C) $2,250
• D) $2,400
• E) $4,400

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Definitions:

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A comprehensive count and survey of a population, usually conducted by a government.

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