Given the Following Information, Determine the Cost of Ending Inventory

question 170

Short Answer

Given the following information, determine the cost of ending inventory at November 30 using the weighted average perpetual inventory method.
November 3: 15 units were purchased at $8 per unit.
November 11: 18 units were purchased at $9.50 per unit.
November 15: 15 units were sold at $45 per unit.
November 18: 30 units were purchased at $10.75 per unit.
November 30: 20 units were sold at $55 per unit.

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Definitions:

Xfinitywifi

A public Wi-Fi network provided by Comcast through its Xfinity internet service, allowing customers to connect to the internet in various locations.

Jenn's iPhone

Likely a personalized name for a specific iPhone device, indicating ownership or usage by an individual named Jenn.

NAS Device

A Network Attached Storage device, which is a file-level storage server connected to a computer network providing data access to a group of clients.

LTE

LTE, or Long-Term Evolution, represents a standard for wireless broadband communication for mobile devices and data terminals, aimed at increasing speed and capacity.