Use the following information to answer:
On September 1, the beginning inventory for Anisha Company was 110 units at $150 each. Purchases and sales during September were:

-What is the cost of ending inventory for September for Anisha Company if the periodic weighted-average costing method is used? (Round your answer to the nearest dollar)

Question

Use the following information to answer:
On September 1, the beginning inventory for Anisha Company was 110 units at $150 each. Purchases and sales during September were:
 
-What is the cost of ending inventory for September for Anisha Company if the periodic weighted-average costing method is used? (Round your answer to the nearest dollar)

Quizplus · Accepted Answer

(110 x $150) + (120 x $168) + (70 x $132) + (100 x $126) = $58,500
Average unit cost at month end = $58,500 / 400 = $146.25
130 Units x $146.25 = $19,012.50

Use the Following Information to Answer