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Table 6-2 On December 31, a Physical Count Reveals 80 Units in
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Question 67

Multiple Choice

Table 6-2  Manuary 1 inventory balance 100 units at $10 per unit  March 2 purchase 50 units at $11 per unit  July 8 purchase 80 units at $10 per unit  November 15 purchase 30 units at $12 per unit \begin{array} { | l | l | } \hline \text { Manuary } 1 \text { inventory balance } & 100 \text { units at } \$ 10 \text { per unit } \\\hline \text { March } 2 \text { purchase } & 50 \text { units at } \$ 11 \text { per unit } \\\hline \text { July } 8 \text { purchase } & 80 \text { units at } \$ 10 \text { per unit } \\\hline \text { November } 15 \text { purchase } & 30 \text { units at } \$ 12 \text { per unit } \\\hline\end{array} On December 31, a physical count reveals 80 units in ending inventory.
-Referring to Table 6-2, the cost of ending inventory using the periodic weighted-average-cost method rounded to the nearest whole number would be:


A) $1,910.
B) $860.
C) $834.
D) $850.

Correct Answer:

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