Use the following information to answer:
On September 1, the beginning inventory for Tevonian Company was 110 units at $200 each. Purchases and sales during September were:

-What is the cost of ending inventory for September for Tevonian 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 Tevonian Company was 110 units at $200 each. Purchases and sales during September were:
 
-What is the cost of ending inventory for September for Tevonian Company if the periodic weighted-average costing method is used? (Round your answer to the nearest dollar)

Quizplus · Accepted Answer

(110 x $200) + (120 x $224) + (70 + $176) + (100 x $168) = $78,000
Average unit cost at month end = $78,000 / 400 = $195
130 Units x $195 = $25,350

Use the Following Information to Answer