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

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

Question

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

Quizplus · Accepted Answer

(100 x $16) + (300 x $24) + (400 x $32) = $21,600
Average unit cost at month end = $21,600 / 800 = $27; 300 x $27 = $8,100

Use the Following Information to Answer