A Company Had 240 Units of Inventory at a Cost

question 78

Multiple Choice

A company had 240 units of inventory at a cost of $148 each on April 1. On April 5, the company purchased 440 units of inventory for $168 each. On April 12, the company purchased 140 units for $208 each. On April 20, 480 units were sold. Given this information, determine the cost of the 480 units sold using the weighted average periodic inventory method. (Do not round your intermediate calculations; round the final answer to nearest dollar amount.)

• A)$57,452.
• B)$63,120.
• C)$65,120.
• D)$81,108.
• E)$83,108.

---

Definitions:

Groupthink

A problematic type of thinking that results from group members who are overly willing to agree with one another because of time pressure, stress, and low collective self-esteem.

Overall Mood

The prevailing emotional state or general emotional background that can influence a person's perception and behavior over a period of time.

Priorities

The tasks, activities, or goals considered more important and requiring attention before others.

Tasks

Specific pieces of work or activities assigned to someone or required to be completed as a part of a job or project.