Given the Following Information, Determine the Cost of Ending Inventory

question 32

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

Understand the principle of diminishing marginal utility and its application to consumer choices.

Grasp how consumers maximize utility given their budget constraints.

Recognize the equal marginal utility per dollar spent rule in utility maximization.

Apply the concept of utility maximization to adjustments in consumption when prices change.

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Definitions:

Black Widow Spider

A venomous spider known for the female's distinctive black color and red hourglass-shaped mark on its abdomen.

Acetylcholine

A neurotransmitter important for learning and memory, also involved in muscle activation.

GABA

Gamma-aminobutyric acid, a neurotransmitter in the brain that plays a key role in reducing neuronal excitability and is involved in regulating anxiety.

Neurotransmitters

Chemical messengers that transmit signals across a chemical synapse, from one neuron to another target neuron.