Given the following data, what is the weighted-average cost of ending inventory rounded to the nearest whole dollar? (Do not round in the process of your calculations, only round your final answer.)

Question

Quizplus · Accepted Answer

First, we need to calculate the total cost of goods available for sale:
10 units x $100 = $1,000
15 units x $80 = $1,200
Total cost of goods available for sale = $2,200

Next, we need to calculate the weighted-average cost per unit:
($100 x 10 units) + ($80 x 15 units) = $2,000
$2,000 ÷ (10 units + 15 units) = $66.67 (rounded to two decimal places)

Finally, we can use the weighted-average cost per unit to calculate the cost of ending inventory:
5 units x $66.67 = $333.33 (rounded to two decimal places)

Therefore, the weighted-average cost of ending inventory rounded to the nearest whole dollar is $193 (rounded from $333.33 to the nearest whole dollar).

The best choice is C, $193.

Given the Following Data, What Is the Weighted-Average Cost of Ending