Homework Answers
Number of units available for sale = 970
Number of units sold = 590
Ending inventory = Number of units available for sale - Number of units sold
= 970 - 590
= 380 units
Weighted average cost per unit = [(540 x 2.41) + (430 x 2.72)]/(540 + 430)
= (1,301.4 + 1,169.6)/970
= 2,471/970
= $2.5474226804
Cost of ending inventory = Ending inventory x Weighted average cost per unit
= 380 x 2.5474226804
= $968
Second option is the correct option
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