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What is the cost of ending inventory

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Reference no: EM133165122

Question - The following information is available for a company that uses a periodic inventory system:

October 1: Beginning inventory consisted of 300 units at a cost of $5 each.

October 5: 200 units were sold for $12 each.

October 15: 250 units were purchased at a cost of $6 each.

October 21: 75 units were purchased at a cost of $7 each.

October 25: 150 units were sold for $15 each.

Required - What is the cost of ending inventory using the weighted average method?

Reference no: EM133165122

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