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:

Task Variety

The degree to which a job involves different activities and skills, enriching the work experience and potentially increasing job satisfaction.

Job Enlargement

The process of increasing the variety and number of tasks that an employee performs within their job role.

Separate Workers

The practice of segregating employees based on certain criteria, which can potentially lead to issues such as discrimination.

Job Simplification

The process of breaking down jobs into their simplest components and removing unnecessary tasks to increase efficiency.