Axme Uses a Weighted Average Perpetual Inventory System

question 20

Multiple Choice

Axme uses a weighted average perpetual inventory system. August 2, 10 units were purchased at $12 per unit.
August 18, 15 units were purchased at $15 per unit.
August 29, 20 units were sold.
August 31, 14 units were purchased at $16 per unit.
What is the per-unit value of ending inventory on August 31?

• A) $12.00.
• B) $13.80.
• C) $15.42.
• D) $16.00.
• E) $17.74.

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Definitions:

Modern Synthesis

A comprehensive, unified explanation of evolution based on combining previous scientific theories, especially of Mendelian genetics with Darwin’s scientific theory of evolution by natural selection.

Mendelian Genetics

The study of inheritance and genetic variation, based on principles first proposed by Gregor Mendel regarding how traits are passed from parents to offspring.

Unified Explanation

A comprehensive explanation that consolidates multiple theories or observations into a single coherent framework.

Genetic Variability

The variation in genetic makeup among individuals within a population, serving as a fundamental resource for evolution and adaptation.