Question

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


November 1 5 units were purchased at $6.00 per unit
November 12 10 units were purchased at $7.50 per unit
November 14 7 units were sold for $14.00 per unit
November 24 12 units were purchased at $10.00 per unit

What is the per-unit value of ending inventory on November 30 if this company uses a weighted-average perpetual inventory system? (Round each per unit cost to two decimal points.)

A) $6.00

B) $7.00

C) $8.80

D) $13.00

Answer

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