Homework Answers
Total cost of purchase = 168 + 240 + 160 = $568
Total units purchased = 24 + 30 + 16 = 70
Average cost of purchase = 568/70
= $8.1143
Units sold = 45
Units in the ending inventory = Goods available for sale - Units sold
= 70 - 45
= 25 units
Average cost of ending inventory
= 8.1143*25
= $202.85
Therefore the closest answer is Option D. I.e $203
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