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

Calculate output levels for profit-maximizing firms in different market structures.

Identify areas representing total cost, total revenue, and profit on economic graphs.

Analyze the price, marginal cost, and the effects of advertising in different market structures.

Calculate maximum profit and optimal pricing strategies for monopolistically competitive firms.

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