Given the Following Information,determine the Cost of Ending Inventory at December

question 121

Multiple Choice

Given the following information,determine the cost of ending inventory at December 31 using the Weighted Average perpetual inventory method.
December 2: 5 units were purchased at $7 per unit.
December 9: 10 units were purchased at $9.40 per unit.
December 11: 12 units were sold at $35 per unit
December 15: 20 units were purchased at $10.15 per unit
December 22: 18 units were sold at $35 per unit

• A)$51.75
• B)$83.22
• C)$41.30
• D)$49.75
• E)$50.75

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Definitions:

Glomerular Filtration

The process by which the kidneys filter blood, removing excess wastes and fluids to produce urine.

Efferent Arterioles

Structures that deliver blood to peritubular capillaries that are wrapped around the renal tubules of the nephron in the kidneys.

Peritubular Capillaries

Small blood vessels that surround the tubules in the kidney, involved in the exchange of substances between blood and the filtrate in nephrons.

Distal Convoluted Tubules

Part of the nephron in the kidney where final adjustments in urine composition are made.