Monarch Company uses a weighted-average perpetual inventory system,and has the following purchases and sales:
-What is the value of ending inventory? (Round average cost per unit to 2 decimal places and final answer to the nearest dollar.)
A)$278.
B)$272.
C)$126.
D)$398.
E)$120.

Question

Monarch Company uses a weighted-average perpetual inventory system,and has the following purchases and sales: 
-What is the value of ending inventory? (Round average cost per unit to 2 decimal places and final answer to the nearest dollar.)
A)$278. 
B)$272. 
C)$126. 
D)$398. 
E)$120.

Quizplus · Accepted Answer

Ending inventory = 10 units * $27.80 = $278

Monarch Company Uses a Weighted-Average Perpetual Inventory System,and Has the Following