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A Company Uses a Weighted-Average Perpetual Inventory System What Is the Per-Unit Value of Ending Inventory on November

Question 198

Multiple Choice

A company uses a weighted-average perpetual inventory system.The following transactions took place during the month of November:  November 15 units were purchased at $6.00 per unit  November 1210 units were purchased at $7.50 per unit  November 147 units were sold for $14.00 per unit  November 2412 units were purchased at $10.00 per unit \begin{array}{|l|l|}\hline \text { November } 1 & 5 \text { units were purchased at } \$ 6.00 \text { per unit } \\\hline \text { November } 12 & 10 \text { units were purchased at } \$ 7.50 \text { per unit } \\\hline \text { November } 14 & 7 \text { units were sold for } \$ 14.00 \text { per unit } \\\hline \text { November } 24 & 12 \text { units were purchased at } \$ 10.00 \text { per unit } \\\hline\end{array} What is the per-unit value of ending inventory on November 30 if this company uses a weighted-average perpetual inventory system? (Round each per unit cost to 2 decimal places. )


A) $6.00
B) $7.00
C) $8.80
D) $13.00

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