A Company Had 270 Units of Inventory at a Cost

question 10

Multiple Choice

A company had 270 units of inventory at a cost of $154 each on March 1. On March 5, the company purchased 470 units of inventory for $174 each. On March 10, the company purchased 170 units for $214 each. On March 20, 540 units were sold. Given this information, determine the cost of the 540 units sold using the weighted average periodic inventory method. (Do not round your intermediate calculations; round the final answer to nearest dollar amount.)

• A)$64,949.
• B)$70,380.
• C)$72,380.
• D)$94,791.
• E)$96,791.

---

Definitions:

Equilibrium Wage

The remuneration level where the quantity of labor available meets the quantity of labor sought.

Pear Pickers

Individuals or workers engaged in the harvesting of pears; often used in discussions related to agriculture, labor, and seasonal employment.

Apple Pickers

Refers to laborers who are employed in the agricultural sector for the purpose of harvesting apples from orchards.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good consumers are willing to buy.