Given the Following Information, Determine the Cost of Ending Inventory

question 5

Multiple Choice

Given the following information, determine the cost of ending inventory at December 31 using the weighted average perpetual inventory method. Assume this is the first month of the company's operations. December 2: 5 units were purchased at $7 per unit.
December 9: 10 units were purchased at $9.40 per unit.
December 12: 2 units were sold.

• A)$17.20
• B)$111.80
• C)$129.00
• D)$94.00
• E)$8.60

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Definitions:

Fovea

A small depression in the retina where visual acuity is highest, due to the dense concentration of cone cells.

Periphery

Describes the outer limits or edge of an area or object, often used in reference to vision to describe areas seen outside the central point of focus.

Optic Nerve

A nerve in the brain responsible for sending sight information from the retina to the brain.

Thalamus

A brain structure that acts as a relay station for information between the spinal cord and the cerebral cortex.