Use this information to answer the following question. $$\begin{array} { l l }
\text { Begrning inventory } & \text { 100 units @ \$8.00 } \
\text { Purchase-Oct. } & \text { 200 units @ } \$ 6.00 \
\text { Purchase-Dec. } & \text { 100 units } @ \$ 12.00
\end{array}$$ A periodic inventory system is used; ending inventory is 150 units.
What is ending inventory under the average-cost method?

Question

Use this information to answer the following question. $$\begin{array} { l l } 
\text { Begrning inventory } & \text { 100 units @ \$8.00 } \
\text { Purchase-Oct. } & \text { 200 units @ } \$ 6.00 \
\text { Purchase-Dec. } & \text { 100 units } @ \$ 12.00
\end{array}$$ A periodic inventory system is used; ending inventory is 150 units.
What is ending inventory under the average-cost method?

Quizplus · Accepted Answer

The question does not provide any information on the cost per unit or the total cost of inventory. Therefore, we cannot calculate the ending inventory using the average-cost method. The only information provided is the number of units in ending inventory, which is 150. Therefore, the ending inventory is 150 units, and the answer is D.

Use This Information to Answer the Following Question A Periodic Inventory System Is Used; Ending Inventory Is 150