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Determine the ending inventory using the periodic inventory

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Question 1: Determine the ending inventory using the periodic inventory system and the weighted average cost method (rounded to the nearest cent), assuming that 18 units were sold at a price of $14.

Date            Item             Units               Cost           Total

June 1 Beginning inventory  6               $5              $30

June 12 Purchase             10               6                  60

june 18th Purchase             8             7                    56

Totals 24                                        -                   $146

a. $145.92

b. $36.48

c. $56.00

d. $109.44

Reference no: EM132482949

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