Entee Corporation
Entee Corporation uses a periodic inventory system. The following information is available for the month of November.

- Refer to the information provided for Entee Corporation. If Entee uses the weighted average cost method, the amount assigned to the November 30th ending inventory would be:

Question

Entee Corporation 
Entee Corporation uses a periodic inventory system. The following information is available for the month of November.

- Refer to the information provided for Entee Corporation. If Entee uses the weighted average cost method, the amount assigned to the November 30th ending inventory would be:

Quizplus · Accepted Answer

The weighted average cost is calculated by dividing the total cost of goods available for sale by the total number of units available for sale. In this case, the total cost of goods available for sale is $1,359.94 and the total number of units available for sale is 100 units. Therefore, the weighted average cost per unit is $13.5994. The ending inventory is 10 units, so the amount assigned to the November 30th ending inventory would be $13.5994 * 10 = $135.994.

Entee Corporation Entee Corporation Uses a Periodic Inventory System. the Following Information