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Jammer Company Uses a Weighted Average Perpetual Inventory System and Reports

Question 138

Multiple Choice

Jammer Company uses a weighted average perpetual inventory system and reports the following:
 August 2  Purchase 10 units at $12 per unit.  August 18  Purchase 15 units at $15 per unit.  August 29  Sale 20 units.  August 31  Purchase 14 units at $16 per unit. \begin{array} { | l | l | l | } \hline \text { August 2 } & \text { Purchase } & 10 \text { units at } \$ 12 \text { per unit. } \\\hline \text { August 18 } & \text { Purchase } & 15 \text { units at } \$ 15 \text { per unit. } \\\hline \text { August 29 } & \text { Sale } & 20 \text { units. } \\\hline \text { August 31 } & \text { Purchase } & 14 \text { units at } \$ 16 \text { per unit. } \\\hline\end{array}
What is the per-unit value of ending inventory on August 31?


A) $12.00
B) $13.80
C) $15.42
D) $16.00
E) $17.74

Correct Answer:

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