A company had 270 units of inventory at a cost of $154 each on March 1. On March 5, the company purchased 470 units of inventory for $174 each. On March 10, the company purchased 170 units for $214 each. On March 20, 540 units were sold. Given this information, determine the cost of the 540 units sold using the weighted average periodic inventory method. (Do not round your intermediate calculations; round the final answer to nearest dollar amount.)
A)$64,949.
B)$70,380.
C)$72,380.
D)$94,791.
E)$96,791.

Question

Quizplus · Accepted Answer

The Answer of A company had 270 units of inventory at a cost of $154 each on March 1. On March 5, the company purchased 470 units of inventory for $174 each. On March 10, the company purchased 170 units for $214 each. On March 20, 540 units were sold. Given this information, determine the cost of the 540 units sold using the weighted average periodic inventory method. (Do not round your intermediate calculations; round the final answer to nearest dollar amount.)
A)$64,949.
B)$70,380.
C)$72,380.
D)$94,791.
E)$96,791.

A Company Had 270 Units of Inventory at a Cost