Question

A company uses a weighted-average perpetual inventory system. The following transactions took place during the month of August:


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? (Round each per unit cost to two decimal points.)

A) $12.00

B) $13.80

C) $15.42

D) $16.00

E) $17.74

Answer

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