Castle TV, Inc. purchased 1,000 monitors on 5 January at a per-unit cost of $185, and another 1,000 units on 31 January at a per-unit cost of $230. In the period from 1 February through year-end, the company sold 1,800 units of this product. At year-end, 200 units remained in inventory.
-Assume that Castle TV, Inc. uses the weighted average cost flow assumption. The cost of the 200 units in the year-end inventory is:

Question

Quizplus · Accepted Answer

We do not have enough information to determine the cost of the year-end inventory solely based on the weighted average cost flow assumption. We need to know the cost of goods available for sale and the total number of units sold during the period to calculate the weighted average cost per unit. Therefore, none of the given choices are correct.