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Given the Following Information, Determine the Cost of Ending Inventory

question 5

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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.


Definitions:

Prosocial Behavior

Positive actions aimed at benefiting others, including behaviors like helping, sharing, donating, cooperating, and volunteering.

Voluntary Behavior

Actions that are performed at an individual's discretion or will, without external compulsion.

Social Reciprocity

The mutual exchange of social behaviors, gestures, or conversations that are fundamental to social interaction and building relationships.

Prosocial Behavior

Actions intended to benefit others, including behaviors like helping, sharing, donating, co-operating, and volunteering.

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