(CMA adapted, Jun 96 #15) Refer to the Fabulous Engine Company example.If Fabulous uses a weighted average periodic inventory system, the total cost of the inventory for carburetor 2642J at March 31 is

Question

Quizplus · Accepted Answer

In a weighted average periodic inventory system, the total cost of the inventory is calculated by adding up the total cost of all purchases and the beginning inventory, then dividing by the total number of units available for sale to find the average cost per unit. This average cost is then multiplied by the ending inventory quantity to find the total cost of the ending inventory. Without the specific numbers of units purchased, sold, and their respective costs, we can't perform the exact calculation here. However, the correct answer is provided as D) $198,374.

(CMA Adapted, Jun 96 #15) Refer to the Fabulous Engine