The following amounts and costs of platters were available for sale by Cataling Ceramics during 2019:
Cataling Ceramics, which uses a periodic inventory system, has 35 platters on hand at the end of the year. What is the dollar amount of inventory at the end of the year according to the weighted-average cost method?

Question

The following amounts and costs of platters were available for sale by Cataling Ceramics during 2019:
 Cataling Ceramics, which uses a periodic inventory system, has 35 platters on hand at the end of the year. What is the dollar amount of inventory at the end of the year according to the weighted-average cost method?

Quizplus · Accepted Answer

(10 units x $123) + (15 units x $165) + (30 units x $210) + (25 units x $195) = $14,880
$14,880 / 80 units = $186
35 units x $186 = $6,510

The Following Amounts and Costs of Platters Were Available for Sale