Use the following information to answer:
The following represents the inventory of Omar Company for the month of April:

-Assuming a periodic inventory system is used by Omar Company, what is ending inventory under the Weighted-Average Cost method?

Question

Use the following information to answer:
The following represents the inventory of Omar Company for the month of April:
 
-Assuming a periodic inventory system is used by Omar Company, what is ending inventory under the Weighted-Average Cost method?

Quizplus · Accepted Answer

(100 x $12) = (300 x $18) + (400 x $24) = $16,200
Average unit cost at month end = $16,200 / 800 = $20.25; 300 x $20.25 = $6,075

Use the Following Information to Answer