Rodriguez Company had the following balances and transactions during 2014, from January 1 to December 31: $$\begin{array} { | l | l | }
\hline \text { Beginning Merchandise Inventory } & 100 \text { units at } \$ 80 \
\hline \text { March } 10 & \text { Sold } 50 \text { units } \
\hline \text { June 10 } & \text { Purchased } 200 \text { units at } \$ 82 \
\hline \text { October 30 } & \text { Sold } 150 \text { units } \
\hline
\end{array}$$ What would the Ending Merchandise Inventory amount be as reported on the balance sheet at December 31, 2014 if the perpetual weighted-average costing method is used? (Round your intermediate calculations to two decimal places)

Question

Rodriguez Company had the following balances and transactions during 2014, from January 1 to December 31: $$\begin{array} { | l | l | } 
\hline \text { Beginning Merchandise Inventory } & 100 \text { units at } \$ 80 \
\hline \text { March } 10 & \text { Sold } 50 \text { units } \
\hline \text { June 10 } & \text { Purchased } 200 \text { units at } \$ 82 \
\hline \text { October 30 } & \text { Sold } 150 \text { units } \
\hline
\end{array}$$ What would the Ending Merchandise Inventory amount be as reported on the balance sheet at December 31, 2014 if the perpetual weighted-average costing method is used? (Round your intermediate calculations to two decimal places)

Quizplus · Accepted Answer

The weighted-average cost per unit is $81.00 (($80 x 100) + ($82 x 200)) / (100 + 200). The ending merchandise inventory is 100 units, so the ending merchandise inventory amount is $8,100 (100 units x $81.00).

Rodriguez Company Had the Following Balances and Transactions During 2014