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In: Accounting

A company purchased 400 units for​ $50 each on January 31. It purchased 200 units for​...

A company purchased 400 units for​ $50 each on January 31. It purchased 200 units for​ $35 each on February 28. It sold a total of 250 units for​ $50 each from March 1 through December 31. If the company uses the weighted−average inventory costing​ method, calculate the cost of ending inventory on December 31.​ (Assume that the company uses a perpetual inventory system. Round any intermediate calculations two decimal​ places, and your final answer to the nearest​ dollar.)

A.

​$14,875

B.

​$15,750

C.

​$27,000

D.

​$11,250

Solutions

Expert Solution

Correct option is Option B - $15,750

Calculation of cost of ending inventory on December 31.

ekkarill92 answered 2 years ago
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