Duo Ltd uses a periodic inventories 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 inventories 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 inventories 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 inventories 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 inventories 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 inventories 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 Inventories System and Rounds the Average