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Lemke Corp -Refer to the Information Provided in the Figure Lemke Corp

Question 155

Multiple Choice

Lemke Corp.
Lemke Corp. uses a perpetual inventory system with a (moving) weighted average inventory costing method. The following information is available for the month of April:
 Apr. 1 On hand, 30 units at $5.00 each $1508 Purchased 40 units at $5.35 each 21415 Sold 50 units 22 Purchased 40 units at $5.50 each 22030 On hand, 60 units \begin{array} { l l l } \text { Apr. } & 1 \quad \text { On hand, } 30 \text { units at } \$ 5.00\text { each } &\$150\\8 & \text { Purchased } 40 \text { units at } \$ 5.35 \text { each } & 214 \\15 &{ \text { Sold } 50 \text { units } } \\22 & \text { Purchased } 40 \text { units at } \$ 5.50 \text { each } & 220 \\30 & \text { On hand, } 60 \text { units } &\end{array}
-Refer to the information provided in the figure Lemke Corp.How much is ending inventory on April 30?


A) $265.45
B) $312.00
C) $318.55
D) $324.00

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