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Solve ending inventory using the average cost

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Reference no: EM132508887

The following information applies to the inventory of RST Corp and will be used for four questions on the exam:

Units Cost per Unit

November 1 On hand 2000 $20

November 3 Purchase 16000 $17.75

November 9 Sale 10000

November 15 Purchase 8000 $16

November 26 Sale 9000

November 30 Purchase 6000 $14

  • The company only has one product.

Round $/unit values to four decimals where necessary

Question 1: Calculate ending inventory using the average cost perpetual method for the month of November.

$196,000

$19,000

$217,750

$318,250

$13,000

Reference no: EM132508887

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