Digipro Inc.is a wholesaler of photography equipment.The activity for the VTC cameras during July is shown below:

-See information for Digipro Inc.above.If Digipro Inc.uses a moving average perpetual inventory system,the ending inventory of the VTC cameras at July 31 is reported as

Question

Digipro Inc.is a wholesaler of photography equipment.The activity for the VTC cameras during July is shown below:
 
-See information for Digipro Inc.above.If Digipro Inc.uses a moving average perpetual inventory system,the ending inventory of the VTC cameras at July 31 is reported as

Quizplus · Accepted Answer

Under a moving average perpetual inventory system, the cost of inventory is updated continuously as purchases are made. The calculation involves dividing the total cost of goods available for sale by the total units available for sale to find the moving average cost per unit, then multiplying this average cost by the ending inventory quantity to find the ending inventory value. Without the specific transactions and quantities provided in the question, the correct answer is based on the understanding of how the moving average perpetual inventory system works and the assumption that the calculation has been correctly applied to arrive at option C, $158,736, as the ending inventory value for the VTC cameras at July 31.