a company uses the periodic inventory system and had
the following activity during the current monthly period.
using the weighted average inventory method, the company's ending
inventory would be:
Homework Answers
Cost of ending inventory using specific identification method:-
| January | 2 x $120 = $240 |
| February | 4 x $130 = $520 |
| May | 6 x $140 = $840 |
| September | 4 x $150 = $600 |
| November | 10 x $160 = $1,600 |
| Ending inventory | $3,800 |
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