A Company Had 260 Units of Inventory at a Cost

question 215

Multiple Choice

A company had 260 units of inventory at a cost of $152 each on January 1. On June 5, the company purchased 460 units for $172 each. On November 10, the company purchased 160 units for $212 each. On December 15, the company sold 520 units. Given this information, determine the cost of the 520 units sold using the weighted average periodic inventory method. (Do not round your intermediate calculations; round the final answer to nearest dollar amount.)

• A)$67,920
• B)$69,920
• C)$90,149
• D)$92,149
• E)$152,557

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Definitions:

Employer Prejudice

Biases or preconceived notions held by employers that affect their decisions regarding hiring, promotion, and other employment practices.

Nonpreferred Workers

Individuals in the labor market who may be discriminated against or considered less desirable for employment due to various factors like age, race, gender, or disability.

Wage Rate

The amount of money paid to an employee per unit of time, such as an hour or a month.

Welfare Payments

Financial assistance provided by the government to individuals or families in need, aimed at ensuring a minimum level of well-being.