Duo Ltd uses a periodic inventory system and rounds the average unit cost to the nearest dollar. The following data relates to Duo Ltd for the year ended 30 June 2013:

The cost of ending inventory using the weighted average cost method (rounded to the nearest dollar) is:
A) $459
B) $465
C) $499
D) $483

Question

Duo Ltd uses a periodic inventory system and rounds the average unit cost to the nearest dollar. The following data relates to Duo Ltd for the year ended 30 June 2013:

The cost of ending inventory using the weighted average cost method (rounded to the nearest dollar) is:
A) $459 
B) $465 
C) $499 
D) $483

Quizplus · Accepted Answer

The Answer of Duo Ltd uses a periodic inventory system and rounds the average unit cost to the nearest dollar. The following data relates to Duo Ltd for the year ended 30 June 2013:

The cost of ending inventory using the weighted average cost method (rounded to the nearest dollar) is:
A) $459 
B) $465 
C) $499 
D) $483

Duo Ltd Uses a Periodic Inventory System and Rounds the Average