On August 1, Micro Encoders, Inc. had 120 units of a certain software package that cost $6 per unit. During May, the following purchases were made:
During August, 300 units were sold. If Micro Encoders uses the weighted average method, the cost of ending inventory would be
A) $922.50
B) $2,767.50
C) $937.50
D) $2,182.50

Question

On August 1, Micro Encoders, Inc. had 120 units of a certain software package that cost $6 per unit. During May, the following purchases were made:  
During August, 300 units were sold. If Micro Encoders uses the weighted average method, the cost of ending inventory would be
A) $922.50 
B) $2,767.50 
C) $937.50 
D) $2,182.50

Quizplus · Accepted Answer

The Answer of On August 1, Micro Encoders, Inc. had 120 units of a certain software package that cost $6 per unit. During May, the following purchases were made:  
During August, 300 units were sold. If Micro Encoders uses the weighted average method, the cost of ending inventory would be
A) $922.50 
B) $2,767.50 
C) $937.50 
D) $2,182.50