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

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Definitions:

Maslow

Refers to Abraham Maslow, a psychologist known for creating Maslow's hierarchy of needs, a theory in psychology on human motivation.

Safety Needs

Basic human necessities for security and protection, including physical safety, health, and wellbeing, ranked as the second level in Maslow's hierarchy of needs.

Maslow

Refers to Abraham Maslow, an American psychologist best known for creating Maslow's hierarchy of needs, a theory in psychology regarding human motivation.

Routine

A set sequence of actions regularly followed, creating a structured and efficient way of accomplishing tasks or activities.