The ending inventory under a periodic inventory system assuming average cost (rounding unit cost to three decimal places)is:
A)$5,087.
B)$5,107.
C)$5,077.
D)$5,005.

Question

Quizplus · Accepted Answer

The average cost method calculates the cost of ending inventory by taking the total cost of goods available for sale and dividing it by the total units available for sale, then multiplying by the units in ending inventory.

The Ending Inventory Under a Periodic Inventory System Assuming Average