The correct answer is $94,791.
Supporting calculations:
Units (a) | Per Unit (b) | Amount (a*b) | |
Mar. 1 | 270 | $154 | $41,580 |
Mar. 5 | 470 | $174 | $81,780 |
Mar. 10 | 170 | $214 | $36,380 |
910 | $159,740 | ||
Weighted average cost per unit ($159,740/910 units) | $175.54 | ||
Cost of 540 units under weighted average cost (540 units * $175.54) | $94,791 |
the had 270 units of inventory at a cost of $154 each on March 1 On...
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