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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