A company purchased 500 units for $40 each on January 31.It purchased 200 units for $35 each on February 28.It sold a total of 200 units for $50 each from March 1 through December 31.If the company uses the weighted-average inventory costing method,calculate the cost of ending inventory on December 31.(Assume that the company uses a perpetual inventory system.Round any intermediate calculations two decimal places,and your final answer to the nearest dollar.)

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B) 11ea8873_d479_7ed8_bb89_c575f665ef67_TB5026_00 Ending merchandise inventory = (500 + 200 - 200) × $38.57 = 11ea8873_d479_7ed9_bb89_1d21e4d0274f_TB5026_00

A Company Purchased 500 Units for $40 Each on January