Given the Following Information, Determine the Cost of Ending Inventory

question 170

Short Answer

Given the following information, determine the cost of ending inventory at November 30 using the weighted average perpetual inventory method.
November 3: 15 units were purchased at $8 per unit.
November 11: 18 units were purchased at $9.50 per unit.
November 15: 15 units were sold at $45 per unit.
November 18: 30 units were purchased at $10.75 per unit.
November 30: 20 units were sold at $55 per unit.

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Definitions:

Advantages

Benefits or favorable factors that contribute to success or achieving a goal.

Cellular Phone Carrier

Companies that provide services for mobile phone users, including voice communication and data transfer.

Number Of Options

The count of choices or alternatives available in a given situation or decision-making process.

Decision Making

The cognitive process of selecting a course of action among multiple alternatives, often involving a balance between risk and reward.