Big Games for Big Kids Sell a Variety of Gaming

Big Games for Big Kids sell a variety of gaming consoles and games.It has presented you with the following information for the sales of a new product Angel's Hat 2 for the three months from November to January.They began November with 50 units on hand valued at $1,500.In the lead up to Christmas each unit sold for $90 but in the post Christmas sales in January this price was reduced to $50. Big Games for Big Kids use the periodic system to record inventory.A physical stock take reveals 30 units on hand at the end of January.What is the cost of sales and value of ending inventory using the weighted average cost-flow assumption?

A) Cost of sales: $14,190 Ending inventory: $1,290
B) Cost of sales: $14,060 Ending inventory: $1,420
C) Cost of sales: $14,190 Ending inventory: $ 900
D) Cost of sales: $24,850 Ending inventory: $1,420
E) Cannot be determined from the above information.