Meanmocha Hardware has a periodic inventory system and uses the weighted average method.The company began the month of November with 150 large brass switch plates on hand at a cost of $4.00 each.These switch plates sell for $7.00 each.The following schedule sets forth the purchases of switch plates during November:
A.$1,046.
B.$1,482.
C.$1,516.
D.$1,528.

Question

Quizplus · Accepted Answer

The Answer of Meanmocha Hardware has a periodic inventory system and uses the weighted average method.The company began the month of November with 150 large brass switch plates on hand at a cost of $4.00 each.These switch plates sell for $7.00 each.The following schedule sets forth the purchases of switch plates during November:
A.$1,046.
B.$1,482.
C.$1,516.
D.$1,528.

Meanmocha Hardware Has a Periodic Inventory System and Uses the Weighted