Use the following information to answer:
Dracopoli's Sporting Goods, which uses a perpetual inventory system, had the following inventory records for the month of January.

-Assuming the Weighted-Average method is used, what is the total cost of Dracopoli's ending inventory on January 31?

Question

Use the following information to answer:
Dracopoli's Sporting Goods, which uses a perpetual inventory system, had the following inventory records for the month of January.
 
-Assuming the Weighted-Average method is used, what is the total cost of Dracopoli's ending inventory on January 31?

Quizplus · Accepted Answer

The weighted-average cost per unit is calculated by dividing the total cost of goods available for sale by the total units available for sale. The ending inventory is then valued by multiplying the weighted-average cost per unit by the number of units in ending inventory.

Use the Following Information to Answer